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CFS tilts at emerging market returns

ALISON BEVEGE  |  TUESDAY, 3 MAY 2011
Colonial First State subsidiary Realindex Investments has launched an emerging markets index fund that seeks to remove the drag of weighting distortion with value investing techniques. The fund, which will have fees of 79 basis points per annum and ...

Market Wrap - Midday

AAP  |  TUESDAY, 3 MAY 2011
The Australian market was firmly in the red at noon, down about one per cent as investor concern continues over the high Australian dollar ahead of the central bank's interest rates decision. At 1200 AEST, the benchmark S&P/ASX200 index was down 52.8 ...

IOOF raises advice stakes

ELISE BURGESS  |  MONDAY, 2 MAY 2011
IOOF Holdings has acquired a minority stake in NSW planning firm, Patron Financial Advice, as part of its plan to expand its existing distribution network. For an undisclosed sum, IOOF purchased the stake in the planning firm with which IOOF already ...

ETF provider soothes market over risk issues

ALISON BEVEGE  |  MONDAY, 2 MAY 2011
Exchange traded fund provider iShares has moved to reassure the market that Australian ETFs are not risky in the wake of warnings from global authorities about transparency and leverage issues. The Financial Stability Board, an international watch-dog ...

Market Wrap - Morning

AAP  |  FRIDAY, 29 APR 2011
... a 60-per cent net profit leap for the first quarter on Thursday, as the group benefited from resurgent oil prices and the sale of non-core assets. European investors also drew comfort from official data showing that German unemployment dropped slightly ...

Super funds praise reforms

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
The superannuation funds industry responded to the Government's financial reforms today with praise for the expansion of scaled advice. The Future of Financial Advice reforms have expanded the limited form of financial advice to a range of providers ...

IOOF new sales head

ELISE BURGESS  |  THURSDAY, 28 APR 2011
IOOF Holdings (IOOF) has named a new head of sales as it further targets the independent financial adviser market. Geoff Kellett took on the Sydney-based role this week and will be responsible for bringing IOOF's administration and investment offerings ...

Any which way is good

BENJAMIN ONG  |  WEDNESDAY, 27 APR 2011
Aren't we, Australians all, just lucky? We come back from loooong holiday and then wake up to another big move higher on Wall Street. If we, Australians all, came back to work a day earlier we would have felt differently about today for apart from watching ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 27 APR 2011
The Australian market has received positive leads from offshore trading overnight, with Wall Street finishing robustly, although commodities markets were mixed. On the ASX 24, the June share price index futures contract was 26 points higher at 4,941 ...

Poor standard

BENJAMIN ONG  |  THURSDAY, 21 APR 2011
Hey, what just happened? Isn't the US at risk losing its AAA credit rating... or not? It's only been two days since Standard & Poor's issued that grim warning and now, look ma, Wall Street's back and with a vengeance. Please pardon my gloating but I ...