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Market Wrap

AAP  |  TUESDAY, 9 OCT 2012
The Australian share market has broken the 4500 level for the first time this year, led by big gains in the resource and energy sectors. At 1201 AEDT on Monday, the benchmark S&P/ASX200 index was up 21.4 points, or 0.48 per cent, at 4,503.3 points ...

AFA conference boasts biggest turnout in 20 years

LINDA HAUSKEN  |  TUESDAY, 9 OCT 2012
At this year's Association of Financial Adviser's (AFA) National Conference, due to kick off in three weeks, delegates can expect to hear from high caliber speakers who will be tackling the sector's challenges and opportunities in the face of regulatory ...

Aussie shares to rally within a year: Russell

BEN COLLINS  |  TUESDAY, 9 OCT 2012
A sustainable turnaround in the Australian share market is predicted within the next 12 months, according to a Russell Investments research report. Russell's Investment Manager Outlook (IMO) survey, which was released this morning, collected the opinions ...

China trip provides first-hand insights

STAFF JOURNALIST  |  MONDAY, 8 OCT 2012
While China's economic power is undisputed, misconceptions are still prevalent when it comes to investments, said Premium China Funds Management. The reality on the ground has improved dramatically since China opened up to foreign investment, said Jonathan ...

Mandates slugged by downturn

MARK STORY  |  MONDAY, 8 OCT 2012
... (investment) managers committed to external mandates - with 10-plus - use an average of 18 each. "This number of mandates masks big changes in asset sectors scoring the business, albeit the long term shift away from equites has now turned around," the ...

Upside from frontier markets untapped: Feriani

BEN COLLINS  |  MONDAY, 8 OCT 2012
When the tide turns on an economic climate that cultivates negativity, a lot more investment will find its way to a basket of frontier markets currently overlooked by emerging market index providers. That's the view of Dr Slim Feriani, chief executive ...

Good jobs bad jobs

BENJAMIN ONG  |  MONDAY, 8 OCT 2012
... 40,000) and August (up 46,000) higher for a net increase of 86,000. Nay, it was so good, that you could almost picture the Big O grinning from ear to ear perhaps even dancing the gangnam style. The unemployment rate dropped - big time - to 7.8% in September ...

Hybrid securities back in favour

LINDA HAUSKEN  |  MONDAY, 8 OCT 2012
... investors. The corporate watchdog's warnings follows more than $11 billion worth of hybrids issued since the start of the year by big banks and household name companies such as NAB, Crown, IAG and Caltex. The highest issue this year is Westpac's $1.6 ...

Advisers struggle to add value

LINDA HAUSKEN  |  FRIDAY, 5 OCT 2012
... fee?" he asked. "Many advisers try to justify this fee with services not related to management of the assets with the typical big ticket justification being client review meetings." Thomas noted that if a client can turn around and say "my adviser has ...

Don't overlook South America as an EM: MFS

ALEX DUNNIN  |  FRIDAY, 5 OCT 2012
There is more to emerging markets than just China and Asia, and Australian investors should also consider South America, said global investment manager MFS. South America's combined stock market at about $1.6 trillion is only about one-quarter the size ...