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Economics

Market Wrap - Morning

BY AAP | TUESDAY, 3 JUL 2012 8:30AM

The Australian market looks set to open higher despite a mixed performance on Wall Street overnight after news that manufacturing contracted for the first time in almost three years, raising concerns the United States has joined a global industrial slowdown.

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Editor's Choice

Australia's retirement system receives first A-grade

KARREN VERGARA | 11:59AM

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.

Brighter Super changes up investment, insurance fees

KARREN VERGARA | 12:00PM

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

MATTHEW WAI | 11:58AM

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

VINNY VUCAGO | 11:49AM

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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