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Active managing pays during market correction: Mercer

The latest figures from Mercer Investment Consulting suggest that active managing does pay with many fund managers standing their ground against the market correction in May. Mercer has just released their latest survey on the returns of fund managers ...

Daily economic update

BENJAMIN ONG  |  THURSDAY, 15 JUN 2006
Last night's bigger than expected increase in US core consumer prices virtually sealed a 25 basis point interest rate hike at the 29 June Federal Open Market Committee meeting. US core consumer price inflation rose by 0.3 per cent in May - the third ...

Market wrap

AAP  |  THURSDAY, 15 JUN 2006
The Australian share market is expected to open slightly firmer as a positive lead from the US and a mild recovery in commodity prices creates enough momentum for the domestic bourse to push back into the black. On the Sydney Futures Exchange the June ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 14 JUN 2006
US producer prices increased by 0.2 per cent in May, lower than market expectations for a 0.4 per cent rise. However, the core PPI rate - which excludes food and energy - went up by a larger than expected 0.3 per cent. Year-on-year, headline PPI is ...

Market wrap

AAP  |  WEDNESDAY, 14 JUN 2006
The Australian share market is expected to open weaker despite yesterday's rapid fall as a sea of red across global equity markets overnight suggest a continuation of the selling that hit the domestic bourse yesterday afternoon. Yesterday the investors ...

Market wrap

AAP  |  TUESDAY, 13 JUN 2006
The Australian share market is expected to open weaker as softer overseas markets set a negative tone for the local bourse. The domestic market was closed yesterday for the Queen's Birthday public holiday but is expected to reopen and follow the softer ...

Market wrap

AAP  |  FRIDAY, 9 JUN 2006
The Australian share market is expected to open weaker as commodity prices continued to retreat and mining stock weakness in the UK overnight raises the spectre of further losses on the domestic bourse. While the market is not expected to repeat yesterday's ...

Morgan Stanley steps up local game

Short of using a brass band and a bugle horn, global giant Morgan Stanley Investment Management plans an aggressive push locally and is due to launch a series of funds, including Australian equities, while also hitting the recruitment trail. For an ...

Mercer breaks into retail MTM

Mercer Global Investment (MGI) announces its arrival into the retail multi-manager (MTM) market space this week after carving its reputation in institutional MTM 10 years ago. Head of MGI Australia and New Zealand, Gary Burke, said that the $78 billion ...

UBS sets sights on global infrastructure

UBS Australia will be using the worldwide reach of its Swiss parent to offer Australian investors a slice of the global infrastructure market. UBS Global Asset Management has this week launched the UBS Global Infrastructure Securities Fund. The fund's ...