Market wrap - middayBY AAP | MONDAY, 13 NOV 2006 12:39PMThe Australian stock market was trading lower at noon after a sharp fall in metal prices hit resource stocks, and cancelled out a positive lead from Wall Street. At 1200 AEDT the benchmark S&P/ASX200 index lost 8.4 points to 5428.3, while the all ordinaries dropped 10.3 points to 5398.9. |
Editor's Choice
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).
Perpetual awards OTC reporting mandate
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.
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Jacqueline Fernley
CHIEF EXECUTIVE OFFICER
ARC POINT OCIO PTY LTD
ARC POINT OCIO PTY LTD
Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
