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AUI investors approve property fund merger

LAURA MILLAN  |  WEDNESDAY, 11 DEC 2013
Investors in Australian Unity Investments' (AUI) Fifth Commercial Trust (FCT) have approved the merger with AUI's Office Property Fund (OPF). The decision will result in a $370 million property fund which holds office properties in New South Wales ...

Market Wrap AM

AAP  |  WEDNESDAY, 11 DEC 2013
The Australian market looks set to open lower following slides on international markets after a US Federal Reserve official said there could be a small cut in its stimulus program next week. At 0826 AEDT on Wednesday, the December share price index ...

Advisers risk losing clients, fail to target new ones

LAURA MILLAN  |  TUESDAY, 10 DEC 2013
... for 44.4% of Loose and At Risk clients would be finding a trustworthy adviser and one that gives a personalised service. Close to two in five At Risk respondents and almost one quarter of Loose ones said they would switch for an adviser that they could ...

Managed funds top $1 trillion despite weak flows

MARK SMITH  |  TUESDAY, 10 DEC 2013

Market Wrap AM

AAP  |  TUESDAY, 10 DEC 2013
... 5,144.4. Shanghai was flat, edging 1.09 points higher to end at 2,238.20 and Hong Kong added 0.29 per cent, or 68.07 points, to close at 23,811.17. The Sensex in Mumbai surged 1.57 per cent, or 329.89 points, to a record close of 21,326.42 after the ...

High frequency trading improves market fairness

MARK SMITH  |  MONDAY, 9 DEC 2013
... level. However, EOD dislocation could also simply reflect price pressure brought on by the fact that the market is about to close for 18 hours. Either way, EOD dislocation of prices is not a good look for markets." The data showed that in the presence ...

US tapering to harm key EM countries

LAURA MILLAN  |  MONDAY, 9 DEC 2013
The US Federal Reserve tapering of economic stimulus is likely to harm emerging market countries with vulnerable currencies. Despite a slight recovery of emerging markets in the last three months, the asset class is likely to suffer once the US tapering ...

Market Wrap AM

AAP  |  MONDAY, 9 DEC 2013
... Sydney lost 0.23 per cent, or 12.0 points, to end at 5,186.0 and Seoul was 0.22 per cent lower, giving up 4.36 points to close at 1,980.41. Shanghai finished 0.44 per cent down, losing 9.96 points to sit at 2,27.11. WELLINGTON - The NX50 fell 6.426 points ...

Unwind for Xmas

BENJAMIN ONG  |  MONDAY, 9 DEC 2013
... for a taper soon and then argued against it with the other. He must have contracted the Fedspeak disease by getting too close with the Fed. You can read Jon's piece on http://blogs.wsj.com/economics/2013/12/06/hilsenraths-five-takeaways-on-what-the-jobs-report-means-for-the-fed/ ...

International shares pose barriers to entry

MARK SMITH  |  THURSDAY, 5 DEC 2013
... also revealed that the majority of retail investors are also missing out on the benefits of exchange traded funds (ETFs). Close to two thirds of those surveyed (65.8) had not heard of any of the listed ETF providers in Australia. CoreData said of these ...