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| | | The Australian stock market is expected to open in positive territory after Wall Street closed sharply higher overnight as another drop in oil prices improved investor sentiment. At 0811 AEST on the Sydney Futures exchange, the September share price ... |
| | | | The Credit Agricole Asset Management (CAAM) Global Emerging Markets fund is bullish on a Russia and Brazil as a result of rising oil prices. Stephane Mauppin-Higashino, CAAM head of product specialist team, said the fund was overweight Brazil and Russia. ... |
| | | | BNP Paribas Investment Partners launched another MFS Investment Management fund, the Concentrated Global Equity Trust, for its Australian and New Zealand wholesale investors. The fund invests in 20 to 35 companies that are selected from the most attractive ... |
| | | | Liontamer Investments appointed former Fidelity business development manager, Meaghan Unsworth, to general manager of Australia. Unsworth worked at Fidelity as head of adviser business development for three years, and prior to that, worked at Colonial ... |
| | | | Genesys Wealth Advisers bought an equity stake in Maitland based financial planning practice, TIME Partners. This capital injection from Genesys will allow TIME Partners' principals to buy further planning practices in the region and also develop a ... |
| | | | ... on volume of 13,411 contracts. "All the dead dogs are getting to their feet," Austock Securities senior client adviser Michael Heffernan said. "Everyone's a lot happier today. The US had a run of three days of pretty good performances and the banks are ... |
| | | | Financial planners must embrace sustainability as a serious wealth management issue or risk losing existing clients, according to Financial Services Institute of Australasia (Finsia) chief executive, Martin Fahy. Fahy said research conducted with Griffith ... |
| | | | The Financial Planning Association (FPA) slammed proposed changes to the Tax Agent Services Bill, declaring it could increase the cost of delivering financial advice and hinder consumer access to financial planning services. The proposed Bill requires ... |
| | | | Industry Funds Management (IFM) bought the remaining 72.6 per cent equity stake in gas electricity firm, Ecogen Holdings from Babcock & Brown Power for $80.9 million. IFM has been an investor in the firm since 2003 and now completely owns the business ... |
| | | | Professional Associations Superannuation Fund (PASF) partnered with financial planning firm, Outlook Financial Solutions to provide its services to the super fund's 450,000 members. Tony McDonald, Outlook Financial Solutions managing director, said ... |
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