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Showing 1231 - 1240 of 3426 results for "SMI"

Fintechs issued AFSL warning

MARK SMITH  |  THURSDAY, 9 APR 2015
Some financial technology (fintech) businesses may be unwittingly providing financial services without an Australian Financial Services Licence (AFSL) or Australian Credit Licence (ACL), putting themselves in breach of the law and opening themselves ...

Treasury invites submissions to draft MIT tax changes

MARK SMITH  |  THURSDAY, 9 APR 2015
Treasury is inviting submissions on proposed changes to the tax system for managed investment trusts, which are aimed at improving the international competitiveness of Australian managed funds. The exposure draft legislation has been developed in close ...

AMP Capital names successor to property fund

MARK SMITH  |  WEDNESDAY, 8 APR 2015
AMP Capital has appointed a fund manager from Lend Lease to manage its Diversified Property Fund. Kylie O'Connor will be responsible for delivering the strategy, growth and investment performance of the $4.2 billion fund. She takes over the baton from ...

Invesco launches multi-asset targeted return fund

MARK SMITH  |  WEDNESDAY, 8 APR 2015
Invesco has launched its multi-asset Global Targeted Returns Strategy to the local market. The Fund, which opened on 27 February, targets a gross return of 5% over the Bloomberg AusBond Bank Bill Index (cash +5%) over a rolling, three-year period. Crucially ...

New Super Complaints Tribunal chair named

MARK SMITH  |  TUESDAY, 7 APR 2015
The government has appointed former QSuper senior executive Helen Davis as the full-time chair of the Superannuation Complaints Tribunal for a five-year period. The Tribunal provides an informal alternative to the courts for the resolution of certain ...

Vantage launches SMSF-ready private equity fund

MARK SMITH  |  TUESDAY, 7 APR 2015
Private equity funds specialist, Vantage Asset Management, has launched a new $100 million private equity fund of funds aimed at improving self-managed super fund investors' access to the asset class. The Vantage Private Equity Growth 2 (VPEG2) fund ...

Perpetual partners The Fold to help accountants

MARK SMITH  |  TUESDAY, 7 APR 2015
Perpetual Private has announced a new partnership program for independent accountants. The new program offers accountants the opportunity to "partner with trusted organisations to retain their independence and extend their advisory capabilities," Perpetual ...

New Zealand dollar closes in on Aussie

MARK SMITH  |  TUESDAY, 7 APR 2015
The New Zealand dollar has almost reached parity with the Australian dollar amid rate cut expectations. The Kiwi is predicted to past the A-dollar for the first time since 1974, when government controls over rates were dropped. New Zealand's economy ...

Funds wrestling with liquidity problem

MARK SMITH  |  TUESDAY, 7 APR 2015
Future Fund managing director David Neal has expressed concern at the lack of safe, liquid investments available for institutional investors to deploy their vast amounts of cash. Asked at an Association of Superannuation Funds of Australia (ASFA) Investment ...

Hyperion closes funds to new investors

MARK SMITH  |  THURSDAY, 2 APR 2015
Hyperion Asset Management is soft-closing its retail funds and has already completely closed its institutional business to new inflows. The soft closure for retail investors will take effect as at 30 April 2015. The fund manager will no longer accept ...