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| | | Australian stocks were higher at noon, led by gains among resources-linked companies and in defiance of a weak lead from Wall Street. At 1210 AEST on Thursday, the benchmark S&P/ASX200 index was up 7.1 points, or 0.17 per cent, at 4,282.2 points, while ... |
| | | | The surprise doubling of withholding tax for foreign investment in managed investment trusts has been criticised as inconsistent with the IMR initiative. In a budget analysis, Russell Investments has called the move on MIT withholding tax a "significant ... |
| | | | Fidante Partners' boutique, Bentham Asset Management has secured four new super fund mandates worth over $120 million in the last quarter. The new investment mandates for the Bentham Syndicated Loan Fund were received from Intrust Super ($20 million) ... |
| | | | AMP released its first quarter results to 31 March 2012 today, showing strong growth for both AMP Flexible Super and North Platform. AMP Financial Services (AFS) net cash outflows were $292 million for the quarter, compared to net cash outflows of $331 ... |
| | | | Revised growth targets are part of the latest Chinese five-year plan focusing on social harmony, but active management is essential to reap the solid gains, according to Fidelity. Chinese equities may still be considered a relatively risky asset class ... |
| | | | Australia's $376 billion government budget announced last night included a forecast $1.5 billion surplus in 2012-13 that will increase steadily to $7.5 billion over the next four years. This turnaround in Australia's fiscal position is remarkable given ... |
| | | | The Federal Government has confirmed that a temporary SuperStream levy will be paid by APRA regulated super funds to cover the costs of implementing the reforms, but industry bodies are calling for greater visibility about how and where the money is ... |
| | | | Insurance bonds are an option for investors looking to reduce their taxable income and grow their wealth outside of superannuation, according to IOOF. "Investment bonds work particularly well as a complimentary wealth accumulation strategy," said Damian ... |
| | | | BlackRock Australia has launched two new funds that aim to achieve returns through long/short investment strategies, in response to what the company views as long-term market conditions. "It is unlikely we will see a return to the highly liquid, low ... |
| | | | UniSuper has increased its stake in Transurban with an additional $200 million investment in the toll road developer. The purchase reflected the value available in the stock at the time fund manager CP2 sold off a significant stake in Transurban, rather ... |
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