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Market Wrap

AAP  |  MONDAY, 24 OCT 2005
The Australian share market is expected to open weaker as a poor lead from the Dow Jones and weak base metal prices expected to ensure a soft start on the domestic bourse. On the Sydney Futures Exchange, the December share price index contract was nine ...

Asian hedge fund to target Australian assets

Singapore-based Fairfield Straits Lion Asset Management (FSL) is seeking to offset Asian market volatility by adding exposure to Australian assets to their hedge fund portfolios. Tony Foo Cheong, FSL Chief Executive Officer, said "We see exposure to ...

ABA counters international non-compliance findings

The Australian Banker's Association (ABA) has spoken out after a report claims Australia is not compliant with anti-money laundering (AML) and counter-terrorist financing (CTF) proposals. The ABA has conceded that it is not surprised by the findings ...

Opes Prime launches into Asia

Stockbroking firm Opes Prime is to unveil a suite of products early next year to exploit the Asian markets boom and separately, to boost its domestic presence. From its humble beginnings as a four-man team in Melbourne offering securities lending service ...

Daily Economic Roundup

Domestic economy - The latest National Australia Bank (NAB) business survey showed that business confidence dropped to 1 in the third quarter - the lowest since the first quarter of 2001 - from 2.8 in the previous three-month period. The fall in confidence ...

Weekly economic roundup

After a strong start, the Australian stock market again succumbed to the negative lead from Wall Street, with the S&P/ASX 200 index down by 34.5 points, or 0.8 per cent at the close of last week's trading. While investors largely ignored reports of ...

Perpetual overhauls Select Investment international

Signalling a shift in their investment strategy, Perpetual Private Clients has moved towards a more boutique multi-manager line up for the international equities component of their 'Select Investment Funds'. The new panel will be introduced to Perpetual's ...

Industry funds and master trusts both win in performance stakes

Super fund balanced options have averaged 14.3 per cent over the 12 months to end August but the results are again mixed in the turf battle between industry funds and master trusts. SelectingSuper, a division of research group Rainmaker, in its just ...

Ambassador promotes new global equities player

US based boutique global equities group Altrinsic Global Advisors (Altrinsic) is to be launched in Australia through local funds management marketing group Ambassador Funds Management Services (Ambassador). Altrinsic is a 100 per cent employee-owned ...

Asia-Pacific clear leader in September: S&P

The Asia-Pacific region has come out top on the Standard & Poor's September global stock market review. The Asia-Pacific region outperformed all other developed world equity markets, posting a 2.73 per cent gain for the month and turning in an 8.95 ...