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Market Wrap PM

AAP  |  WEDNESDAY, 4 FEB 2015
The share market is set for a tenth straight day of gains as rebounding oil prices lift energy and mining stocks. The market is more than 1.2 per cent higher at noon, and a stronger close will mark its longest winning run since mid-2013. BHP Billiton ...

FEATURE: Understanding mFund

STAFF WRITER  |  WEDNESDAY, 4 FEB 2015
Offering instant diversification, professional management and exposure to assets not easily reached by individuals, managed funds represent a one-stop shop that's suitable for every type of investor. But despite these obvious benefits, the penetration ...

APRA-ABS super surveys to commence Jan 2016

ALEX DUNNIN  |  THURSDAY, 29 JAN 2015
The Australian Prudential Regulation Authority (APRA) has written to super fund RSEs advising them that enhanced data reporting by super funds to facilitate the data needs of the Australian Bureau of Statistics (ABS) will commence in January 2016. APRA ...

T. Rowe Price opens Melbourne office

MARK SMITH  |  THURSDAY, 29 JAN 2015
Baltimore-based investment manager T. Rowe Price has grown its Australian footprint, opening a new office in Melbourne and expanding its business development team. The company said the move enables closer working relationships with new and existing ...

BetaShares launches ASX-listed ETF for US equities

LAURA MILLAN  |  WEDNESDAY, 28 JAN 2015
BetaShares has launched a US equities exchange traded fund (ETF) that will trade on the Australian Securities Exchange (ASX). The fund is the first of its kind in Australia and it aims to provide an investment return that tracks the performance of the ...

UK pension funds required to warn consumers

STAFF WRITER  |  WEDNESDAY, 28 JAN 2015
The UK Financial Conduct Authority (FCA) has written to chief executive officers of pension providers to outline government plans to introduce additional protection for retirees wishing to access their defined contribution pension pot from April this ...

A Fed surprise?

BENJAMIN ONG  |  WEDNESDAY, 28 JAN 2015
Will she, won't she? Will Aunt Janet follow the other central banks' surprises of the past two weeks and spring her own at the conclusion of the US Federal Open Market Committee meeting (FOMC) tomorrow? If she does, then baby, that indeed would be a ...

FPA deal with Cbus sparks super fund interest

LAURA MILLAN  |  TUESDAY, 27 JAN 2015
The Financial Planning Association (FPA) has received expressions of interest from several superannuation funds keen on striking referral deals similar to those signed with Cbus and Sunsuper. FPA chief executive Mark Rantall told Financial Standard ...

Bellmont to offer SMAs through Hub24

ALEX BURKE  |  TUESDAY, 27 JAN 2015
Boutique portfolio manager Bellmont Securities will offer two separately managed account (SMA) model portfolios through the Hub24 platform. Bellmont's Core Equities and Buy-Write portfolios were previously available through Linear, but Bellmont director ...

Accountants interested in mFund: OneVue

ALEX BURKE  |  FRIDAY, 23 JAN 2015
The mFund settlement service will drive new interest in managed funds from SMSF accountants, according to the OneVue/Investment Trends 2014 SMSF Accountant Report. 13% of survey respondents indicated they would start using mFund for their clients, while ...