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Franklin Templeton bond upgraded despite negative quarter

JAMES FERNYHOUGH  |  WEDNESDAY, 11 SEP 2013
Van Eyk has upgraded the Franklin Templeton Multisector Bond Fund from 'A' to its highest rating of 'AA' despite reporting negative returns for the June 2013 quarter. The bond fund, which invests in government, securitised and corporate debt around ...

Aussies mainly concerned about super and retiring

LAURA MILLAN  |  WEDNESDAY, 11 SEP 2013
Superannuation and retirement planning are the key areas of concern for Australians who decide to seek financial advice. The results from the Financial Planning Week organised by the Financial Planning Association (FPA) indicate that superannuation ...

Market Wrap AM

AAP  |  WEDNESDAY, 11 SEP 2013
... suffered one of the biggest declines among large companies, falling 2.3 per cent after chief executive Tim Cook and other top officials unveiled two new iPhones. LONDON - Europe's main stock markets rebounded as investors welcomed more bright Chinese ...

Super returns climb to 16.8 pct

STAFF WRITER  |  TUESDAY, 10 SEP 2013
... retail funds (ie corporate master trusts) achieved 15.3%. The segment gap has thus lengthened to 2.3 percentage points. The top five Workplace super funds (by default options) over the 12 months were Lutheran Super with 22.7%, Arc TOWER with 22.5%, VISSF ...

Australian pension fund growth outstrips global average

MARK SMITH  |  MONDAY, 9 SEP 2013
... funds grew by almost 10% in 2012 in US dollar terms, Australian funds achieved growth of 20%. Globally, the total size of the top 300 pension funds reached a new high of US$14 trillion, up from US$12.7 trillion in 2011. The P&I / Towers Watson global ...

Wonderully dreadful set of numbers

BENJAMIN ONG  |  THURSDAY, 5 SEP 2013
... early July to August; and the services PMIs in China, the Eurozone and the UK strengthened further in August (this comes on top of better-than-expected manufacturing PMI readings in the same month). Domestically, just imagine the amount of consumer spending ...

Buy me a house

BENJAMIN ONG  |  WEDNESDAY, 4 SEP 2013
... against average income, against rent and percentage changes from a base date.A This is one competition where Australia is either top of the pops or is nearly top of the pops in all measures.A Have a look here: http://www.economist.com/blogs/dailychart/2011/11/global-house-prices ...

APRA releases data risk management guide

JAMES FERNYHOUGH  |  TUESDAY, 3 SEP 2013
The Australian Prudential Regulation Authority (APRA) has released the final version of its prudential practice guide on the management of data risk. The 'Prudential Practice Guide CPG 235 Managing Data Risk' (CPG 235) is applicable to all APRA regulated ...

Citi surges but NAB still top dog custodian

JAMES FERNYHOUGH  |  MONDAY, 2 SEP 2013
Citigroup has seen a huge surge in assets under custody (AUC) in the first half of 2013, growing by more than 20% to $213.28 billion, according to half-yearly sector figures released by the Australian Custodial Services Association (ACSA). Citi now ...

Deutsche Bank dismisses mining fears

MARK SMITH  |  FRIDAY, 30 AUG 2013
... the resources sector should provide a low base for decent returns in the 2014 financial year. "Miners are well placed for a top-line recovery simply if commodity prices stay roughly where they are. It also looks like China has stopped slowing so resources ...