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HK funds market just ahead of Australia

ALEX DUNNIN  |  WEDNESDAY, 22 JUL 2015
... executive director of investment products, said HK is a central intermediary linking global investors who want exposure and close access to the mainland China economy, and that this will be reinforced by better regulatory alignments. Reflecting this ...

Market to open lower

AAP  |  WEDNESDAY, 22 JUL 2015
... nine trading days as the Greek debt crisis eased. London's benchmark FTSE 100 index of top companies slid 0.29 per cent to close at 6,769.07 points on Tuesday. In the eurozone, the CAC 40 in Paris shed 0.70 per cent compared with Monday's close to 5,106.57 ...

Activist shareholders agitate AMP China fund

LAURA MILLAN  |  TUESDAY, 21 JUL 2015
... concerns of our investors seriously and, as part of our fund governance, we have considered many options to sustainably close the discount to net asset value that the fund trades at." It said that "recent deregulation and ongoing clarification of local ...

Gold's no longer gold

BENJAMIN ONG  |  TUESDAY, 21 JUL 2015
... a sixth consecutive day overnight - down to a low of US$1,088.05 per ounce (the lowest since March 2010). It managed to close a bit on the up to US$1,102.05, but this is still down 2.8% from the day before, 6.8% cheaper than the start of 2015 and a massive ...

Market to open higher

AAP  |  TUESDAY, 21 JUL 2015
... 0.35 per cent to 5,142.49 points, while Frankfurt's DAX 30 rose 0.53 per cent to 11,735.72 points compared with Friday's close. The Greek government made a 4.2 billion euros ($A6.16 billion) loan repayment due to the European Central Bank on Monday as ...

A$ down but would it stay down?

BENJAMIN ONG  |  MONDAY, 20 JUL 2015
Here we go, here we go, here we go... The dollar-A is back in the news again. For it's fallen below US74Ac at the close of trading last week and early morning exchanging shows the dollar-A is currently holding that level at US US73.71Ac Can't help but ...

Market to open flat

AAP  |  MONDAY, 20 JUL 2015
The Australian market looks set to open flat following mixed performances on US and European markets after a revamped Greek government took over in an effort to enforce tough fiscal reforms that accompany a third bailout deal. At 0810 AEST on Monday ...

AIA sees $1.9bn premium growth

DARREN SNYDER  |  FRIDAY, 17 JUL 2015
AIA recorded the highest percentage growth among Australia's life insurance risk premium inflows during the 12 months to March 2015 according to Plan for Life data. AIA grew 20.2%, recording $1.87 billion in inflows, seeing them jump from fifth to third ...

BTIM share offer oversubscribed

ALEX BURKE  |  THURSDAY, 16 JUL 2015
Westpac Group announced the sale of 27 million BT Investment Management shares had been oversubscribed at $8.20 per share. This follows Westpac's announcement in June that it was selling part of its stake in BTIM; the offer opened on 22 June and closed ...

Australian funds turning to bourgeoning Asian REITs

MARK SMITH  |  WEDNESDAY, 15 JUL 2015
A growing market and attractive returns are seeing Australian institutions take an interest in the burgeoning Asian REIT market, according to one specialist in the asset class. Before 2000 it was all but impossible to invest in real estate investment ...