What’s making news for ASX ETF investors on Friday

The ASX 200 (ASX: XJO) is up over 1% so far today, following on from a positive night in international share markets. The S&P 500 Index (INX) rose over 1% as well.

An ETF’s movements higher or lower are dictated by the individual shares that make up the ETF. So if shares report news, it can cause noticeable share price movements.

Some of the main news items today

REA Group (ASX: REA)

The REA Group share price is up 6%.

REA Group is Australia’s largest property portal, it owns realestate.com.au. It reported its FY20 third quarter update to investors this morning. For the three months to 31 March 2020, REA Group experienced revenue growth of 1%, EBITDA growth of 8% but a free cash flow decline of 20%.

But COVID-19 has had more of an effect in April. Last month the national residential listings were down 33%, with Sydney listings down 18% and Melbourne listings down 27%.

It has also added a $149 million loan facility and also opened a $20 million draft facility.

Macquarie (ASX: MQG)

The Macquarie share price is up 3.6%.

Australia’s global investment bank announced its FY20 result this morning. It reported that FY19 profit was down 8% to $2.73 billion. Macquarie announced credit and other impairment charges of $1.04 billion, mainly relating to expected COVID-19 impacts.

It ended 31 March 2020 with $606.9 billion of assets under management (AUM).

The investment bank decided to declare a final dividend of $1.80 per share, bringing the full year dividend to $4.30. That’s a cut of 25% from last year.

Zip (ASX: Z1P)

The buy now, pay later business delivered its April trading update this morning. The Zip share price is up 23%.

It achieved monthly revenue of $15.1 million, up 81% compared to a year ago. Monthly transaction volume was $181.6 million, this was an increase of 86%. Receivables were up 97% to $1.2 billion.

Customer numbers rose by 66% to 2 million year on year and merchant numbers rose 50% year on year to 23,100. It had net bad debts of 1.99% and monthly arrears remained flat at 1.57%.

Disclosure: Jaz does not own shares of any of the shares mentioned at the time of writing. 

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here or enter your email address below to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just enter your email address below and we'll send you the report right away.

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just click the link below and enter your email address. We'll send you the report right away.

CLICK HERE TO GET THE REPORT

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Keep reading:

General Financial Advice warning
The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

© Rask Australia 2020

Join 20,000+ smart investors

Join the Rask Australia mailing and we’ll send you free investment reports, podcasts, expert insights, investing courses, ASX news and lots, lots more. All free. 

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian-owned.

feedback-icon

What can we do better?

Howdy, ASX investor.

I really care about your experience today.

Please, let me know if you have any suggestions we can use to improve our site and help others invest in ETFs. 

Cheers! 

Owen Rask