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Annual global dividends pass $1 trillion for first time

MARK SMITH  |  MONDAY, 24 FEB 2014
... report revealed that global dividends hit record $1.03 trillion in 2013, up $310 billion since 2009. It also found that the top 10 yielding companies pay $1 in every $11 of global dividends. Dividends paid by companies listed in the Asia Pacific region ...

Removal of super from awards top priority: FSC

JAMES FERNYHOUGH  |  MONDAY, 24 FEB 2014
... ultimately benefit members. In its submission to the government discussion paper on superannuation, it put the issue at the top of the list. Andrew Bragg, the FSC's director of policy and global markets, confirmed that the FSC considers this the number ...

Market Wrap PM

AAP  |  WEDNESDAY, 19 FEB 2014
... Mr Lucas said. With the earnings season in full swing, jobs advertising website SEEK was the standout performer among the top 100 stocks, after a 65 per cent rise in half year profit to $87.4 million. Shares in the Seek were up $2.37, or 18 per cent ...

Market Vectors to launch equal weight ETF

JAMES FERNYHOUGH  |  WEDNESDAY, 19 FEB 2014
... remove the large capitalisation biases found in other indices, such as the S&P/ASX 200 Accumulation Index, where he said the top five securities account for almost 40% and top 10 securities account for over 50% of the Index. The ETF is currently going ...

Challenger launches new smart beta boutique

MARK SMITH  |  TUESDAY, 18 FEB 2014
... neither maximise investor returns nor reduce risk," a note on Fidante Partners' website said. "Tempo employs an innovative, top-down approach to re-thinking market benchmarks and exploiting market premia to produce better returns for investors over time." ...

Industry resists full portfolio disclosure

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... Trustees also supported minimal levels of disclosure, saying: "The AIST Board has resolved to support minimum disclosure of the top 50 publicly-held assets, and to encourage funds to develop data tools to assist members using the information in a meaningful ...

Strong demand for online education: Wealth Know How

HARRY PAGE  |  FRIDAY, 14 FEB 2014
Instreet managing director George Lucas and former Australian editor James Dunn have joined forces to launch an independent video-based website focused on wealth creation education. The free site, Wealth Know How, anticipates supporting investors at ...

Member direct investment at "high water mark": AIST

JAMES FERNYHOUGH  |  THURSDAY, 13 FEB 2014
Superannuation funds offering member direct investment (MDI) options must design them to be in the best interest of their members, according to David Haynes, executive manager, policy and research at the Australian Institute of Superannuation Trustees. ...

Myer named top Australian family office

MARK SMITH  |  THURSDAY, 13 FEB 2014
... while Citi moved up to fourth place globally, followed by HSBC. In Asia, UBS, Citi, Credit Suisse, HSBC and JPMorgan took the top five positions. Almost 500 institutions from 93 countries took part in the global survey. They represent a combined $14.4 ...

APRA to scrutinise group insurance risk

JAMES FERNYHOUGH  |  WEDNESDAY, 12 FEB 2014
Group insurance risk management will be top of the agenda in a number of thematic reviews to be carried out by the Australian Prudential Regulation Authority (APRA), according to the regulator's general manager Greg Brunner. Speaking at the Australian ...