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Australia: which way now?

BENJAMIN ONG  |  WEDNESDAY, 19 AUG 2015
... Australia is again at the wrong end of the world. That 10.5% gain in the benchmark index has turned into a 1.5% loss as at the close of trade yesterday. It was worse for those who bought on 27 April... they're now 10.8% poorer. We can blame this on China's ...

AMP Capital takes majority stake in Angel Trains

ALEX BURKE  |  TUESDAY, 18 AUG 2015
... asset held by AMP Capital's Global Infrastructure Fund, which was launched in October 2014. The fund achieved its first close earlier in the year and fundraising has contributed to AMP Capital's global infrastructure platform already reaching half its ...

Empire State bombs out

BENJAMIN ONG  |  TUESDAY, 18 AUG 2015
Whoa! If this is an indication of things to come, then you can forget a lift-off in September, or in December... perhaps, forget all about it for all of next year. Yes Virginia, I refer to the drop in the Empire State Manufacturing Index. And girl ...

Instreet grows sales team

MARK SMITH  |  FRIDAY, 14 AUG 2015
Boutique investment manager, Instreet Investment, has expanded its sales team with the appointment of two senior staff. Marcus Obermeder and James Poon join as sales director and head of product development respectively. A financial adviser and investment ...

Easing cycle over for now

MARK SMITH  |  FRIDAY, 14 AUG 2015
The Reserve Bank's two-pronged monetary easing measures look to have come to an end but our central bankers will remain watchful of the currency, according to Goldman Sachs Asset Management executive director and global fixed income portfolio manager ...

BlackRock boosts iShares sales team

LAURA MILLAN  |  THURSDAY, 13 AUG 2015
BlackRock has hired two experienced sales strategists to its iShares business team in Australia to focus on adviser relations. Joshua Persky has been appointed to the newly created role of sales strategist for model portfolios and solutions. Persky ...

Magellan doubles profit, boosts FUM

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
... but we haven't made any commitment at this stage." On the fast growing size of its FUM, he commented: "We see no need to close the retail part of our strategy in the foreseeable future in Australia because we closed it to institutional investors at the ...

Five minutes of commodity sunshine?

BENJAMIN ONG  |  TUESDAY, 11 AUG 2015
Roll out the barrel, roll out the barrel of fun... for it's gonna be a good day, gonna be a good, good day for Australian equities. Well, at least at the open with the SPI futures trading up 36 points. Yes, at the open, for we've been here many, many ...

Bendigo wealth earnings fall 20pct despite acquisition

LAURA MILLAN  |  MONDAY, 10 AUG 2015
... Australia's first fossil fuel free superannuation fund. Bendigo's MySuper product Smart Start Super saw funds under management get close to $500 million, up from just under $400 million in December 2014. Bendigo's wealth division includes margin lending ...

ASX builds fund supermarket

DARREN SNYDER  |  MONDAY, 10 AUG 2015
... disclosure regime and into an alternative on the ETP market. "We didn't want to be confused with an LIC [either], which is close-ended. So we landed with what is an actively managed, exchange-traded product," Casarotti says. He says the future is likely ...