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Economics

Debt climbs, home values fall

BY SUZY MAC | MONDAY, 27 AUG 2007 12:28PM

Scores of US government officials along with housing executives vowed it could never happen, nonetheless, the national median price of American homes is expected to fall for the first time since statistics began in 1950.

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Editor's Choice

Australia's retirement system receives first A-grade

KARREN VERGARA

Australia's retirement system has finally received an A-grade rating in the annual Marsh CFA Institute Global Pension Index after stagnating at the B+ level for the last five years.

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Not-for-profit fund Brighter Super has introduced numerous changes to its fees, decreasing investment fees while increasing insurance costs.

Channel Capital wins distribution mandate

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Channel Capital has been appointed by Coller EQT to distribute, promote and service investor support to the two secondaries strategies currently available in Australia.

Perpetual asset management outflows hit $9.6bn

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Perpetual's asset management business recorded $9.6 billion in net outflows during the September quarter, weighing on funds under management as its Corporate Trust Division reached a record $1.4 trillion in funds under administration.

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