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Showing 1621 - 1630 of 2958 results for "August 2009"

Super returns fall sharply in August

MARK SMITH  |  WEDNESDAY, 7 OCT 2015
The recent plunge in local and global stock markets saw super fund returns dip but performance is still solid over the longer term. According to figures from Rainmaker, the SelectingSuper workplace default option MySuper Index fell sharply during August  ...

China puts another one in the bag

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2015
... International payments provider 'Swift' reports that the Chinese yuan accounted for 2.79% of global payments in value terms last August - up from 2.3% in the previous month. The US dollar - as could be expected - remains on top accounting for 44.8% of ...

Data doesn't justify "recession" headlines

BENJAMIN ONG  |  FRIDAY, 2 OCT 2015
... week, the picture they paint is to the contrary. Private sector credit growth accelerated to an annual rate of 6.3% in August - the fastest in 78 months - from 6.1% in the previous month. The details are even better with housing credit slowing to an ...

CBA's advice review compensates 19 clients

LAURA MILLAN  |  WEDNESDAY, 30 SEP 2015
The compensation program set up by Commonwealth Bank (CBA) to compensate victims of bad advice has reviewed over 8,800 cases and compensated only 19 clients. In total, the bank has offered $950,252 in compensation, but paid $488,815 as of 31 August  ...

AMP advice adds Van Eck ETFs

STAFF WRITER  |  WEDNESDAY, 30 SEP 2015
Two Van Eck exchange-traded funds have been added to the AMP approved product list. The Market Vectors Australian Equal Weight ETF and Market Vectors Australian Banks ETF will now be available to advisers at AMP Financial Planning, Charter Financial ...

ETF flows up despite market underperformance

LAURA MILLAN  |  TUESDAY, 29 SEP 2015
Exchange traded funds (ETFs) saw positive flows in August despite overall negative returns from Australian and international equities. Total net flows into ETFs in August 2015 were $360 million, about half the net flows that the sector had seen during ...

Chi-X adds advice, stockbroking market participants

LAURA MILLAN  |  TUESDAY, 29 SEP 2015
A stockbroker and two independent financial planning licensees have joined the Chi-X Australia trading platform. Stockbroker OpenMarkets and advice firms Morgans and Shaw and Partners are now part of the Chi-X platform, which has 34 other market participants. ...

Comparative advantage

BENJAMIN ONG  |  TUESDAY, 29 SEP 2015
... exchange losses (due to the recent yuan devaluation) combined to bring industrial profits down by 8.8% in the year to August - the sharpest fall since October 2011. The NBS also reported tumbling profits in oil and gas (down by 67.3% in the first eight ...

PIMCO launches bank capital fund

MARK SMITH  |  MONDAY, 28 SEP 2015
Bond giant PIMCO has launched a new global bank capital fund which aims to reduce risk for investors with large exposures to the big Australian banks. The PIMCO Capital Securities Fund offers investors a long-term, strategic allocation to the global ...

CBA launches online SMSF portfolio

ALEX BURKE  |  MONDAY, 28 SEP 2015
CBA has launched SMSF Portfolio, an online portal which gives self-managed super fund trustees a consolidated view of SMSF assets and liabilities. The new SMSF Portfolio feature is part of CBA's MyWealth mass market wealth management platform, launched ...