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Showing 4221 - 4230 of 5917 results for "March 2003"

Frozen fund investors get $36m settlement

COMMERCE COMMISSION RELEASE  |  THURSDAY, 22 JUL 2010
New Zealand investors in two frozen funds by ANZ and ING (NZ) stand to benefit from a $36 million (NZ$45 million) settlement fund arranged by the regulator after both funds breached marketing material compliance rules. In its largest monetary settlement ...

Insurers post double-digit growth

RUTH LIEW  |  TUESDAY, 20 JUL 2010
AMP, National Australia/MLC and Tower were among the insurers that reported double digit percentage growth in risk premium inflows last year - but overall sales in the risk market has slumped, research shows. According to Plan for Life, Australia's ...

SSgA cuts securities lending on fixed income funds

RUTH LIEW  |  TUESDAY, 20 JUL 2010
State Street Global Advisors has discontinued its securities lending program for a range of UCITS fixed income funds. SSgA, a prominent securities lender, announced on the Irish Stock Exchange last week that it had stopped its securities lending program ...

Been there, done that

BENJAMIN ONG  |  TUESDAY, 20 JUL 2010
Wall Street's weekend may have done it some good. It left pondering the tug o' war between good company profit results and negative economic data. The Street didn't like what it saw. Investors sold... heavily. Wall Street returned last night, still ...

Aii signs Citi as additional market maker

MICHAEL HOBBS  |  THURSDAY, 15 JUL 2010
Exchange traded fund (ETF) provider Australian Index Investments (Aii) has signed Citi as an additional market marker - a deal that adds more liquidity to the firm's listed products. Citi joins Susquehanna International Group as a market maker and authorised ...

Platforms up 30pc to $391bn

ALEX DUNNIN  |  THURSDAY, 15 JUL 2010
The 90 percentage point turnaround in equity returns in the year to end March has propelled a 30 per cent bounceback in the size of the platform market. According to Rainmaker's recently released Advantage Report, platform FUA climbed back to $392 billion ...

Maritime and Auscoal Super in merger talks

RUTH LIEW  |  FRIDAY, 9 JUL 2010
Maritime Super is in merger talks with coal community industry fund Auscoal Super to create an $8 billion-plus fund. The Maritime Union of Australia confirmed that Maritime Super, which had around $3 billion in assets at the end of March according to ...

Legalsuper attracts record inflows

MICHAEL HOBBS  |  TUESDAY, 6 JUL 2010
Legalsuper attracted 52 per cent more non-employer contribution transfers from other super funds than in the previous financial year. Andrew Proebstl, chief executive at legalsuper, said the fund's total non-employer contributions had risen by 21 per ...

Market Wrap - Morning

AAP  |  TUESDAY, 6 JUL 2010
The Australian market received mostly flat to negative leads from major Asian and European markets on Monday as Wall Street remained closed for the July 4 Public Holiday in the US. At 0717 AEST on the Sydney Futures Exchange, the September share price ...

Bad news bears

BENJAMIN ONG  |  FRIDAY, 2 JUL 2010
Looks like the financial markets are not getting any reprieve from this month's instalment of economic data releases. You guessed it! It was another down day on Wall Street overnight as Murphy's Law made its presence felt. "If anything could go wrong ...