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Funds management elite tours Asia to seduce investors

LAURA MILLAN  |  TUESDAY, 9 JUN 2015
Representatives of Australia's top fund managers are visiting Japan and Korea along with Assistant Treasurer Josh Frydenberg to promote opportunities in Australia's financial services industry. The delegation includes chief executives and high level ...

Retirement incomes lead FUM growth

DARREN SNYDER  |  FRIDAY, 5 JUN 2015
... Australian shares and overseas investments accounted for 61% of total FUMA, a small decrease from 62% as at December 2014. Of the top five employer super managers, Westpac Employer Super FUMA increased 13.9% over the 12-month period to $18.7 billion ...

Market to open higher

AAP  |  THURSDAY, 4 JUN 2015
... while ignoring high-risk brinkmanship over a deal to prevent Greece from defaulting. London's benchmark FTSE 100 index of top companies closed on Wednesday up 0.32 per cent at 6,950.46 points. In the eurozone, the CAC 40 in Paris climbed 0.59 per cent ...

Super delivers 12.2% for year end April

ALEX DUNNIN  |  WEDNESDAY, 3 JUN 2015
... both segments achieved 12.2%. Rainmaker said this marks the end, for the time being at least, of the four month reign at the top of the segment tree for retail funds. But the long term segment gap is still 170 basis points in favour of NFP funds. According ...

Top bankers get together for pro bono venture

LAURA MILLAN  |  WEDNESDAY, 3 JUN 2015
Some of Australia's top investment bankers will offer their skills and advice on mergers and acquisitions for the Adara Group, which will use the profits to help improve the lives of women and children in poverty in the developing world. Big names that ...

Henderson acquires IOOF's Perennial

LAURA MILLAN  |  TUESDAY, 2 JUN 2015
... will give us recognised domestic investment management capabilities to complement our global offering and take us into the Top 30 of Australian asset managers," Henderson chief executive Andrew Formica said. "The Perennial transactions create an opportunity ...

Market to open higher

AAP  |  TUESDAY, 2 JUN 2015
... crisis talks plod on, with the country facing a key debt repayment deadline this week. London's benchmark FTSE 100 index of top companies finished down 0.44 per cent on Monday at 6,953.58 points. In the eurozone, the CAC 40 in Paris rose 0.35 per cent ...

Legalsuper names new CIO

MARK SMITH  |  MONDAY, 1 JUN 2015
... super funds. Smith's appointment comes at a time when legalsuper's MySuper balanced investment option return of 11.3% was top quartile for the 10 months ended 30 April 2015 and also for the three years ended on that date, the fund said. In addition to ...

Treasury examining ASX monopoly

ALEX BURKE  |  MONDAY, 1 JUN 2015
Assistant Treasurer Josh Frydenberg said the Government is considering encouraging competition in equities clearing to break up the ASX's monopoly. Speaking at the 2015 Annual Stockbrokers Conference in Sydney, Frydenberg conceded there had already ...

SMSFs need more investment diversity: FinaMetrica

DARREN SNYDER  |  MONDAY, 1 JUN 2015
... and cash could spell disaster for self-managed superannuation funds (SMSFs) when the local market corrects. The call came on top of managed funds data recently released by the Australian Bureau of Statistics (ABS) and Australian Tax Office (ATO). It ...