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With nearly all of the votes counted, left-leaning Mr Milanovic won 49% while his main challenger Dragan Primorac, a candidate of the ruling conservative HDZ party, trailed far behind with 19%. Pre-election polls had predicted that the two would face off in the second round on January 12, as none of the eight presidential election contenders were projected to get more than 50% of the vote. Mr Milanovic thanked his supporters but warned that “this was just a first run”. “Let’s not be triumphant, let’s be realistic, firmly on the ground,” he said. “We must fight all over again. It’s not over till it’s over.” Mr Milanovic, the most popular politician in Croatia, has served as prime minister in the past. Populist in style, the 58-year-old has been a fierce critic of current Prime Minister Andrej Plenkovic and continuous sparring between the two has been a recent hallmark of Croatia’s political scene. Mr Plenkovic has sought to portray the vote as one about Croatia’s future in the EU and Nato. He has labelled Mr Milanovic “pro-Russian” and a threat to Croatia’s international standing. “The difference between him (Mr Primorac) and Milanovic is quite simple: Milanovic is leading us East, Primorac is leading us West,” he said. Though the presidency is largely ceremonial in Croatia, an elected president holds political authority and acts as the supreme commander of the military. Mr Milanovic has criticised the Nato and European Union support for Ukraine and has often insisted that Croatia should not take sides. He has said Croatia should stay away from global disputes, thought it is a member of both Nato and the EU. Mr Milanovic has also blocked Croatia’s participation in a Nato-led training mission for Ukraine, declaring that “no Croatian soldier will take part in somebody else’s war”. His main rival in the election, Mr Primorac, has stated that “Croatia’s place is in the West, not the East”. However, his bid for the presidency has been marred by a high-level corruption case that landed Croatia’s health minister in jail last month and which featured prominently in pre-election debates. Trailing a distant third in the pre-election polls is Marija Selak Raspudic, a conservative independent candidate. She has focused her election campaign on the economic troubles of ordinary citizens, corruption and issues such as population decline in the country of some 3.8 million. Sunday’s presidential election is Croatia’s third vote this year, following a snap parliamentary election in April and the European Parliament balloting in June.

​For the past 14 years, Alex Vynokur, the co-founder of Betashares, has quietly built his company into one of the largest local providers of exchange-traded funds and one of the country’s fastest growing asset managers. In 2024, Betashares attracted inflows of $16 billion, lifting its total funds under management to $46 billion. “The focus for the past decade has very much been about building out the core ETF capability,” explains Vynokur. “We are now a steward of significant capital on behalf of more than 1 million Australian investors and over two-thirds of financial advisors.” Betashares now accounts for one-third of every dollar that goes into the Australian ETF industry, according to Vynokur, and is eyeing growth in Asia. Alex Vynokur, the chief executive of Betashares. Credit: Louie Douvis An ETF is a basket of securities that are pooled into one fund, which is traded on a stock exchange. An investor in an ETF doesn’t own the securities, instead owning units in the ETF, while the ETF provider owns the shares or assets. ETFs have grown in popularity with investors because they are cost-effective and offer exposure to thousands of diversified assets, such as a group of defence stocks, or the ASX200 index, or a variety of bonds. Globally, ETFs have had a banner year with more than $1 trillion invested into the sector, which is now worth an estimated $14 trillion. Vynokur and his family arrived in Australia from Ukraine more than three decades ago, at the time when ETFs launched. He was a teenager, and his family came with just a few hundred dollars in their pockets. Vynokur became a lawyer, then moved into venture capital, before co-founding Betashares with David Nathanson, also a former lawyer and investment banker, who had worked at Goldman Sachs and Macquarie. We’re definitely, very cautiously, studying opportunities outside of Australia. Alex Vynokur, Betashares co-founder As with any start-up, Vynokur and Nathanson put in enormous hours to build the company to where it is today, as Australia’s second-largest ETF provider behind market leader Vanguard. Both are now multi-millionaires, though there has been a physical cost, says 46-year-old Vynokur: “I didn’t have any grey hair 14 years ago.” The pay-off for both as come in the past few years. In 2021, private equity group TA Associates became Betashares’ majority shareholder, with at least 53.5 per cent ownership. In the middle of this year, Singapore’s Temasek, one of the world’s largest sovereign wealth funds, bought a minority stake. Temasek paid $300 million for that shareholding, the size of which was undisclosed. The deal ascribed a multi-billion-dollar valuation to Betashares. It was Temasek’s first investment in a financial services business in Australia. In a global portfolio valued at $S389 billion ($459 billion), Temasek has just over half invested in private assets. “They have invested with the objective of maybe having more ownership,” says Vynokur. “We’re building this business for the long term, and they are genuinely interested in long-term value creation. We’ve never been about building something up quickly and flogging it. It doesn’t mean I’m opposed to being listed one day, but we’re definitely not in a hurry to go down that path.” The proceeds are expected to help fund Betashares’ growth into new products. In the past year, the company launched retail investment platform Betashares Direct and bought a superannuation business from Bendigo and Adelaide Bank. Vynokur also believes that Betashares has more room to expand its main ETF business. Loading “According to the ASX data, there are 8 million Australians who invest outside their superannuation,” he says. “Also, if you think about younger Australians, who are locked out of the property ownership game, you know being smart with money outside of property is absolutely crucial. We have a real role to play in that.” There is also the opportunity for Betashares to expand its ETF business into Asia but, as for a priority, Vynokur won’t nominate a country. “We’re definitely, very cautiously, studying opportunities outside of Australia ... and that’s going to form part of our longer-term growth.” The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning . Save Log in , register or subscribe to save articles for later. License this article Investing ETFs Anne Hyland is an award-winning writer and a senior correspondent for The Sydney Morning Herald and The Age. She was previously deputy editor of Good Weekend and has worked for The AFR and as a foreign correspondent. Connect via Twitter or email . Most Viewed in Business LoadingJalon Moore led No. 12 Oklahoma with 22 points in an 89-67 home win against pesky Prairie View A&M in Norman on Sunday. Jeremiah Fears scored 19 points and Duke Miles added 17 for the Sooners, who are 13-0 for the fourth time in program history and the first time since the 1987-88 season. Tanahj Pettway led PVAMU with 22 points while Marcel Bryant added 14. Braelon Bush and Jordan Tillmon each chipped in 11 points for PVAMU (1-13) which played without leading scorer Nick Anderson (18.9 points per game). The Sooners finally pulled away from the determined Panthers with 5:20 left on a 10-3 run that started when Sam Goodwin tipped in a rebound and was capped by a Glenn Taylor Jr. rebound for an 80-63 lead. A Kobe Elvis 3-pointer capped a game-closing 9-0 Sooners run. Pettway connected on a 3-pointer from the wing that gave the Panthers a 5-2 lead. PVAMU hung tight on a Bryant jumper that tied the game at 7. Even though they were short-handed, the Panthers' largest first-half deficit was only 11. A Pettway layup and his steal in the full-court press that led to Bryant's turnaround jumper in the lane as the Panthers closed within 34-30. PVAMU's rally prompted an Oklahoma timeout after which Miles drilled a 3-pointer to kick off a half-closing 9-2 spurt for a 43-32 halftime lead. Braelon Bush's 3-pointer pulled the Panthers within 58-50 with 11:17 left in the game. It was the Panthers' 12th straight nonconference road game. PVAMU returns to its home court Saturday against Grambling. Oklahoma kicks off its first season in the SEC at No. 5 Alabama on Saturday. --Field Level Media

Constance J. “Connie” YeagleNEW YORK (AP) — No ex-president had a more prolific and diverse publishing career than Jimmy Carter . His more than two dozen books included nonfiction, poetry, fiction, religious meditations and a children’s story. His memoir “An Hour Before Daylight” was a Pulitzer Prize finalist in 2002, while his 2006 best-seller “Palestine: Peace Not Apartheid” stirred a fierce debate by likening Israel’s policies in the West Bank to the brutal South African system of racial segregation. And just before his 100th birthday, the Dayton Literary Peace Prize Foundation honored him with a lifetime achievement award for how he wielded “the power of the written word to foster peace, social justice, and global understanding.” In one recent work, “A Full Life,” Carter observed that he “enjoyed writing” and that his books “provided a much-needed source of income.” But some projects were easier than others. “Everything to Gain,” a 1987 collaboration with his wife, Rosalynn, turned into the “worst threat we ever experienced in our marriage,” an intractable standoff for the facilitator of the Camp David accords and winner of the Nobel Peace Prize. According to Carter, Rosalynn was a meticulous author who considered “the resulting sentences as though they have come down from Mount Sinai, carved into stone.” Their memories differed on various events and they fell into “constant arguments.” They were ready to abandon the book and return the advance, until their editor persuaded them to simply divide any disputed passages between them. “In the book, each of these paragraphs is identified by a ‘J’ or an ‘R,’ and our marriage survived,” he wrote. Here is a partial list of books by Carter: “Keeping Faith: Memoirs of a President” “The Blood of Abraham: Insights into the Middle East” (With Rosalynn Carter) “Everything to Gain: Making the Most of the Rest of Your Life” “An Outdoor Journal: Adventures and Reflections” “Turning Point: A Candidate, a State, and a Nation Come of Age” “Always a Reckoning, and Other Poems” (With daughter Amy Carter) “The Little Baby Snoogle-Fleejer” “Living Faith” “The Virtues of Aging” “An Hour Before Daylight: Memories of a Rural Boyhood” “Christmas in Plains: Memories” “The Hornet’s Nest: A Novel of the Revolutionary War” “Our Endangered Values: America’s Moral Crisis” “Faith & Freedom: The Christian Challenge for the World” “Palestine: Peace Not Apartheid” “A Remarkable Mother” “Beyond the White House” “We Can Have Peace in the Holy Land: A Plan That Will Work” “White House Diary” “NIV Lessons from Life Bible: Personal Reflections with Jimmy Carter” “A Call to Action: Women, Religion, Violence, and Power” “A Full Life: Reflections at Ninety”