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Market Wrap AM

AAP  |  FRIDAY, 22 AUG 2014
... growth, despite mixed eurozone data. Frankfurt's main DAX index on Thursday jumped 0.93 per cent compared with Wednesday's close to end the day at 9,401.53 points. London's benchmark FTSE 100 added 0.33 per cent, ending on 6,777.66 points, while in Paris ...

Perpetual appoints research head from SSgA

STAFF WRITER  |  THURSDAY, 21 AUG 2014
Perpetual Investments has appointed a State Street Global Advisors (SSgA) executive as its new head of research and consultant relationships. George Moromalos will work closely with research houses to manage Perpetual Investments' fund ratings. He will ...

RBA to business: release the animal in you

BENJAMIN ONG  |  THURSDAY, 21 AUG 2014
... in Brisbane yesterday (and the Q&A transcripts) and contrasted this with the "As jobless numbers climb, RBA is perilously close to a rare mistake" headlined by the 'Sydney Morning Herald' on 12 August. Columnist William Pesek's column on Bloomberg titled ...

Challenger to raise $530m to fund further annuities growth

MARK SMITH  |  WEDNESDAY, 20 AUG 2014
... phase to the pension phase of super. "Similar growth opportunities await our boutique funds management business. We have close to $50 billion in FUM and the same again in available capacity, with diversification by asset class and product and strong ...

IOOF completes SFGA buyout

LAURA MILLAN  |  WEDNESDAY, 20 AUG 2014
IOOF has effectively completed the acquisition of 100% of the shares in SFG Australia, following the buyout proposal made public in May. As part of the scheme of arrangement, SFGA shareholders could elect to receive IOOF shares only or a cash alternative ...

Advisers to study for 200 hours under TASA

LAURA MILLAN  |  WEDNESDAY, 20 AUG 2014
... of the Competition and consumer act 2010 focusing on misleading and deceptive conduct. Submissions to the exposure drafts close on September 19.

Market Wrap AM

AAP  |  WEDNESDAY, 20 AUG 2014
... as fears about the Ukraine crisis eased. Frankfurt's main DAX index on Tuesday added 0.96 per cent compared with Monday's close to end the day at 9,334.28. London's benchmark FTSE 100 gained 0.56 per cent at 6,779.31 points, while in Paris the CAC 40 ...

SMSF wind up trend is not real: SuperGuardian

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
Self-managed super fund (SMSF) administrator SuperGuardian has rebuked claims that SMSF trustees are increasingly winding up their funds. The provider argues that Australian Taxation Office (ATO) figures for the five years to June 30, 2013, show that ...

Market Wrap AM

AAP  |  TUESDAY, 19 AUG 2014
... 0.78 per cent at 6,741.25 points, while in Paris the CAC 40 rose 1.35 per cent to 4,230.65 points, compared with Friday's close. "European markets were largely following through on Friday's late recovery from the huge sell-off sparked by a clash between ...

QV Equities raises $180m

MARK SMITH  |  MONDAY, 18 AUG 2014
Investors Mutual has raised more than $180m for its new listed investment company (LIC), QV Equities (QVE). The launch of the product last month targeted self-managed super funds (SMSFs) and high net worth investors looking for a diversified share portfolio ...