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Showing 1501 - 1510 of 2961 results for "August 2010"

ASIC bans fraudulent adviser

KERRIE SYDEE  |  FRIDAY, 23 SEP 2016
ASIC permanently banned a financial adviser after he was sentenced and imprisoned for fraud charges. Sandeep Madhoji is permanently banned from providing financial services or engaging in credit activity following the successful prosecution of the Queensland ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 23 SEP 2016
Australia leading index The Westpac-Melbourne Institute leading index of economic activity showed no growth (0%) in August, decelerating from 0.08% in the previous month but the six-month annualised growth rate - indicating the "pace of economic activity ...

NZ Super Fund posts decent full-year return

MARK SMITH  |  WEDNESDAY, 21 SEP 2016
The NZ Super Fund returned 1.89% (after costs, before NZ tax) in the year to 30 June 2016. Performance was hampered by negative returns in global equities but the investment committee was still able to add value versus the passive reference portfolio ...

IFM active equity team wins first mandate

MARK SMITH  |  WEDNESDAY, 21 SEP 2016
IFM Investors' active equities team has won its first institutional mandate from an industry super fund. The $6.5 billion Mine Wealth + Wellbeing fund has awarded the firm's Australian Core Equities strategy its inaugural mandate. The exact size of ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 21 SEP 2016
... billion surplus with exports and imports both continuing to contract. Japanese exports decreased by 9.6% in the year to August - disappointing expectations for a 4.8% fall -- due to the strong yen and weak activity in the global economy but the strong ...

Forager plans listing for Australian Shares Fund

MARK SMITH  |  TUESDAY, 20 SEP 2016
Australian small cap specialist Forager Funds Management is soft-closing its Australian Shares Fund and plans to move to a closed-ended structure in an effort to protect investors from the growth in the fund detracting from performance. The planned ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 20 SEP 2016
... newly-built house prices Heating up again. The average price of new homes in China's 70 cities increased by 9.2% in the year to August - the fastest rate since January 2014 -- following a7.9% gain in the previous month. The year-on-year growth in average ...

AB fund receives rating upgrade

KERRIE SYDEE  |  MONDAY, 19 SEP 2016
Lonsec has upgraded AllianceBernstein's (AB) Dynamic Global Fixed Income Fund to "Recommended". Launched in 2014, the fund is designed for investors with higher risk tolerances who want to achieve income returns exceeding those of bank bill rates. To ...

Advice clients need greater clarity on fees: survey

JAMIE WILLIAMSON  |  FRIDAY, 16 SEP 2016
Financial advisers consistently misjudge their clients' understanding of advisory fee structures, thereby harming their own businesses, according to an industry survey. This is the key finding from a paper released by State Street Global Advisors' SPDR ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 16 SEP 2016
... or is it? The drop in the unemployment rate is due to the fall in the participation rate from 64.9% in July to 64.7% in August - more than expectations for a steady 64.9% -- suggesting that workers are discouraged from job-hunting and re-joining the ...