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Showing 2871 - 2880 of 4776 results for "July 8"

ASIC puts an end to PIS monitoring program

LAURA MILLAN  |  TUESDAY, 29 JUL 2014
The adviser monitoring program for Professional Investment Services (PIS) has concluded with the Australian Securities and Investments Commission (ASIC) reporting "a significant improvement in its compliance and audit functions." The Centrepoint-owned ...

WAM Capital posts record profit

MARK SMITH  |  TUESDAY, 29 JUL 2014
Wilson Asset Management's listed investment company, WAM Capital, has reported a record profit pre-tax profit of $90.5 million for the 12 months to 30 June following strong investment performance. The figure represents a rise of 68.8% on last year. ...

Passive FUM reaches all-time high

MARK SMITH  |  MONDAY, 28 JUL 2014
Funds allocated to index strategies grew 28% in the 12 months to end of March 2014, taking the total proportion of the funds management market it represents to a record high of 19%, new data from Rainmaker Information reveals. The rise is the fastest ...

It's all about the US week

BENJAMIN ONG  |  MONDAY, 28 JUL 2014
Sit back and enjoy the first two days of this week for starting mid-week... financial markets' moods could swing - for the better or the worse - on America. Yes Virginia, this week is all about the US of A. Sure Virginia, there'll be speculations galore ...

Wall Street snubs the IMF

BENJAMIN ONG  |  FRIDAY, 25 JUL 2014
... first bullet point one will read when one clicks on the International Monetary Fund's (IMF) website where it published its July "World Economic Outlook Update". Yet Wall Street appeared to have missed it - the S&P 500 index even closed at another record ...

Market Wrap AM

AAP  |  FRIDAY, 25 JUL 2014
The Australian market looks set to open flat after little change on Wall Street where the S&P 500 inched toward another record high. At 0807 AEST on Friday, the September share price index futures contract was up eight points at 5,540. Locally, no major ...

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
The Fair Work Commission (FWC) review of default superannuation will cost $400 million and throw the superannuation of 2.25 million Australians into "turmoil", the Financial Services Council (FSC) has claimed. The FSC's claims come on the back of a ...

CBA whistleblower casts doubts over compensation scheme

LAURA MILLAN  |  THURSDAY, 24 JUL 2014
Former Commonwealth Bank (CBA) planner and whistleblower Jeff Morris has expressed concern over a number of aspects of the bank's Open Advice Review program to compensate victims of bad advice. The adviser, who blew the whistle on cases of advice misconduct ...

Arrows and more arrows

BENJAMIN ONG  |  WEDNESDAY, 23 JUL 2014
... away the night before. Geo-political risk down, Wall Street up. The S&P 500 even breached the record high it reached on 3 July (1985.44) in intra-day trade to 1986.24 points but gave back some of its gains to close a still strong 1983.53 points - you ...

Another October to remember?

BENJAMIN ONG  |  TUESDAY, 22 JUL 2014
Headlines upon headlines remains littered with MH17 and what happens next as the international community vents its anger on Russia. 'twas these headlines that reportedly downed Wall Street overnight. But we surely know what comes after the dip, 'eh ...