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Australia's largest unrated bond issue closes at $85m

LAURA MILLAN  |  THURSDAY, 25 JUN 2015
Australia's largest unrated bond issue by rail freight operator SCT Logistics has closed its $85 million offer oversubscribed. FIIG Securities acted as sole originator for the dual-tenor issue, which comprised a four-year floating rate note series of ...

Extensions - What the Greeks await and the Russians hate

BENJAMIN ONG  |  THURSDAY, 25 JUN 2015
... Union (EU) has also extended one for Russia - economic sanctions. Optimism over reports that Greece and its creditors are close to hammering a deal on 22 June overshadowed renewed tensions between the 'West' and Russia. This was the same day EU foreign ...

Market to open lower

AAP  |  THURSDAY, 25 JUN 2015
The Australian market looks set to open lower, following falls in overseas stocks. At 0656 AEST on Thursday, the September share price index futures contract was down 13 points at 5,616. Wall Street was down almost one per cent as fresh problems emerged ...

Former FPA chair to leave Hood Sweeney

STAFF WRITER  |  WEDNESDAY, 24 JUN 2015
... seek re-appointment in the position. A former Financial Planning Association of Australia (FPA) chair, Rowe will remain in close association with Hood Sweeney throughout the remainder of 2015 to ensure a smooth transition while at the same time undertaking ...

Tassie RBF awards GAM $100m mandate

MARK SMITH  |  WEDNESDAY, 24 JUN 2015
The Tasmanian public sector superannuation fund, the Retirement Benefits Fund (RBF), has invested $100 million in the GAM Absolute Return Bond Defensive Fund. GAM's unconstrained bond strategy is a "go-anywhere" bond fund which, via the use of derivatives ...

The Fed is Greek too

BENJAMIN ONG  |  WEDNESDAY, 24 JUN 2015
... After dropping to a near three-year low of 680.88 points last week, the Athex Composite Index has soared by 16.8% by the close of trading overnight. Similarly, the yield on 10-year Greek bonds dropped from a 2-month high of 12.76% to 10.36% last night. ...

Is now the time to buy IOOF?

LAURA MILLAN  |  TUESDAY, 23 JUN 2015
Investors and advisers could benefit from the sharp drop in IOOF share price following information in the media about misconduct within its research and wealth management divisions. IOOF share price dropped as much as 21% on Monday as the market reacted ...

ANZ SMSF head moves to Zurich

DARREN SNYDER  |  TUESDAY, 23 JUN 2015
Head of wrap and self-managed superannuation fund (SMSF) platforms at ANZ, Raelene Seales, will be joining Zurich Australia as chief operating officer general insurance. A wealth and banking specialist, Seales will begin the role at Zurich in August ...

Market set for a steady start

AAP  |  MONDAY, 22 JUN 2015
... points while Frankfurt's DAX 30 fell 0.54 per cent to 11,040.10 points. HONG KONG - Asian markets mostly rose after a record close on Wall Street, and as the euro continued to defy mounting fears about Greece's future in the eurozone, though Shanghai ...

Nominations open for AFA Adviser of the Year Award

STAFF WRITER  |  FRIDAY, 19 JUN 2015
... "Both awards play a pivotal role in shining a light on, and sharing, best practice insights." Applications for both awards close on 17 July with the winners announced at the AFA National Adviser Conference, in Cairns on 27 October. More information ...