Investor cash obsession worries wealth creatorsBY MARK SMITH | MONDAY, 19 NOV 2012 10:35AMDespite growing speculation that the next bull market run is just around the corner, historically low interest rates, and a call by RBA governor Glenn Stevens for investors to return to shares, investors' remain unwaveringly committed to cash. |
Editor's Choice
Relaxed superannuation preservation rules will sink returns: Frontier
A Frontier report, commissioned by the Super Members Council, has argued that current preservation rules provide super funds with the flexibility to invest in unlisted assets, and warned that permanently relaxing these rules will decrease long-term returns for members.
Former adviser accused of theft loses lengthy extradition fight
A former financial adviser now residing in New Zealand lost a bid to stop her from being extradited to Australia to face 136 charges related to the alleged theft of clients' retirement savings.
Bangarra Group awards real estate mandate
Family office Bangarra Group has appointed a real estate fund manager to help it build more than 3000 homes in the UK, of which one third will be dedicated to affordable housing.
GPT Group partners to unlock $1bn in logistics opportunities
GPT Group has formed a new Australian logistics joint venture with QuadReal Property Group to target $1 billion in logistics assets on the east coast.
Products
Expert Feed
The gatekeeper fallacy: A critical analysis of financial advice regulation in Australia
The current regulatory framework for financial advice in Australia rests on a fundamental misconception that threatens both consumer protection and industry ...
How family shapes our financial futures
It doesn't take our 100+ years of collective wealth management experience to know that intergenerational wealth is a hard problem.
A tale of two conflicting PBRs
What happens if a spouse survives the death of the member but dies before payment has been made?
From red tape to results? DBFO's potential
With only around 15,480 financial advisers in the country at last count, and 800 Australians retiring every day, the profession is facing a severe shortage ...
Featured Profile
Philip Miall
HEAD OF MULTI-SECTOR PRIVATE DEBT
QIC LIMITED
QIC LIMITED
QIC head of private debt Australia Phil Miall's nearly 30 years' experience covers every corner of the credit market. He shares why active management is critical in the asset class and what he's learned during periods of tumult. Karren Vergara writes.
Yes the wealth creators are feeling the pinch. Got a letter from an Industry Super Fund extolling the virtues of diversification. The result for 1 and 5 years was clearly in favour of Diversified Fixed Interest but we all know that past performance is not indicative of future returns. It seems investors have discovered the motto " A bird in the hand is worth two in the bush " or did they get offended at being called Muppets ? Hmm I wonder...
All institutions, except those engaged in these confidence eroding practices, have an interest in returning the market to its basic and important economic function of supporting capital formation and making a market for willing buyers and willing sellers.