Daily economic round-upBY PETER BELL | THURSDAY, 24 AUG 2006 12:28PMThe Westpac-Melbourne Institute's Leading Index rose by 1.8 points in June resulting in a year on year growth rate of 5.3 per cent, the highest monthly reading since March 2004. The index measures four components of future activity in the approvals for the construction of new homes, money supply, shares prices and US industrial production and suggests good economic growth over the next three to six months. |
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Munro completes GSFM acquisition
|Munro Partners has completed its acquisition of GSFM Funds Management, consolidating its Australian distribution and funds management operations as it enters a new phase of its partnership with Canadian investment manager CI Global Asset Management (CI GAM).
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|Perpetual Corporate Trust has selected a service provider to provide independent reconciliation and oversight of over-the-counter derivative reporting across funds for which it acts as trustee and responsible entity.
ASIC issues serious and final warning on lead generation
|Financial advice licensees risk losing their licence if they fail to adequately oversee lead generation arrangements, the financial regulator has warned.
Drummond hires from Ascalon, HUB24
|Drummond Capital Partners has expanded its national team with two senior appointments, following the launch of its tailored investment solutions last year.
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