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Market Wrap

AAP  |  FRIDAY, 3 AUG 2012
... Draghi announced no immediate monetary measures to ease debt pressures in the euro zone. London's benchmark FTSE 100 index of top companies held up better than most, losing only 0.88 per cent to 5,662.30 points, but Frankfurt's DAX 30 slumped 2.20 per ...

Super asset changes deliver positive return

MELANIE TIMBRELL  |  FRIDAY, 3 AUG 2012
... distributed through workplaces. While the 1.0 percentage point gap may seem high, Rainmaker noted it's usually twice as large. The top five Workplace Super funds (by default options) over the 12 months were QSuper with 6.2%, ESSSuper with 4.9%, Chifley ...

Market Wrap - Morning

AAP  |  FRIDAY, 3 AUG 2012
... Draghi announced no immediate monetary measures to ease debt pressures in the eurozone. London's benchmark FTSE 100 index of top companies held up better than most, losing only 0.88 per cent to 5,662.30 points. But Frankfurt's DAX 30 slumped 2.20 per ...

Target Maturity Funds Take Top Spot

ALEX DUNNIN  |  THURSDAY, 2 AUG 2012
Target Maturity funds, a form of life cycle funds, have remained the most popular sector for funds launched within the last six months in Europe with net inflows of A$1.2 billion during May alone. However, the bulk of this growth is due to just two ...

Market Wrap - Morning

AAP  |  THURSDAY, 2 AUG 2012
... said the Frankfurt-based bank was "ready to do whatever it takes to preserve the euro". London's benchmark FTSE 100 index of top companies closed up 1.38 per cent to 5,712.82 points. In Frankfurt, the DAX 30 slipped 0.26 per cent to 6,754.46 points while ...

Heritage Bank launches online RSA

ALEX DUNNIN  |  WEDNESDAY, 1 AUG 2012
... Reserve Bank of Australia. The investment methodology and interest rate policy of the product will make it among Australia's top performing super funds, according to Rainmaker analysis. As an RSA there are also no explicit fees as these are built into ...

Heads roll at Nomura

BEN COLLINS  |  FRIDAY, 27 JUL 2012
... poorly since it purchased the international operation of Lehman Brothers in 2008, the same year Watanabe and Shibata took the top jobs.

Market Wrap

AAP  |  FRIDAY, 27 JUL 2012
... Ordinaries index was up 22.4 points, or 0.54 per cent, at 4,173.8 points. US stocks have soared, buoyed by a pledge from Europe's top central banker to do everything possible to save the eurozone from a raging sovereign debt crisis. The Dow Jones Industrial ...

"Bad apples" slipping through the cracks: ASIC

BEN COLLINS  |  THURSDAY, 26 JUL 2012
... yesterday, Nick Coates, senior manager at the Australian Securities & Investments Commission (ASIC), outlined the regulator's top priories for the advice industry. He said that ASIC "was not taking a holiday" on surveillance, and findings from its risk-based ...

Market Wrap

AAP  |  WEDNESDAY, 25 JUL 2012
... eurozone tensions with Spanish borrowing costs still at danger levels. At the close, London's benchmark FTSE 100 index of top companies was down 0.63 per cent at 5,629.09 points. In the US, the Dow Jones Industrial Average closed with triple-digit losses ...