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Investors pretending there's value in the market

MARK SMITH  |  FRIDAY, 19 JUN 2015
... equity market when there isn't. There are a lot of stocks where people say, 'they must be cheap because the bond yield is next to nothing and the stock is yielding 3%," and that is not a valuation argument." "Investors have a clear choice here: either ...

Mi problema su problema

BENJAMIN ONG  |  THURSDAY, 18 JUN 2015
... ends with a kick of the crisis can down the road, promises and pledges made (on both sides) and then forgotten... until the next time. But this time could be different, maybe. It's the end game. This time the cows will finally come home to roost (sorry ...

US fiduciary rule fight not slowing down

ALEX DUNNIN  |  TUESDAY, 16 JUN 2015
... been released by the DOL in 2014 that claimed financial incentives to advisers could cost an estimated $210 billion over the next decade just in the mutual fund segment segment alone. Additional follow-up research released in February this year by the ...

Westpac to raise capital by divesting BTIM stake

LAURA MILLAN  |  TUESDAY, 16 JUN 2015
... BTIM shares, 19% of which will be through a fully-underwritten institutional offer of 55 million shares undertaken over the next two days via a bookbuild. A non-underwritten retail offer will offer the remaining 9% of BTIM's issued capital (27 million ...

Market to open lower

AAP  |  MONDAY, 15 JUN 2015
... basically an excuse for the market." Cardillo said there are other factors behind the pullback in US equities, including next week's Federal Reserve policy meeting that will update the Fed's plan to hike interest rates in the coming months. Petroleum ...

Rising bond yields a blip

DARREN SNYDER  |  FRIDAY, 12 JUN 2015
... higher than it was earlier this year. He said the risk will be worrying the Reserve Bank of Australia (RBA) and means the next move in the Australian cash rate is most likely to be downwards. "Meaning that Australian bond yields have probably risen too ...

Australia bottom of the class for portfolio disclosure

MARK SMITH  |  THURSDAY, 11 JUN 2015
... implementation will be July 1, 2016. Less than half of funds in Australia choose to provide any portfolio disclosure at all. The next worst nation is France where nearly 60% provide some data. In saying that, roughly a third of Australian funds produce ...

Westpac adviser sets up private wealth firm

LAURA MILLAN  |  THURSDAY, 11 JUN 2015
... will provide wealth management services under BT Financial Group-owned Securitor. Simon said that the move was "a logical next step," following 15 years as a salaried adviser at Westpac, in which he run a practice within Westpac Private Bank. He told ...

Australians retiring young despite rising life expectancy

ALEX BURKE  |  WEDNESDAY, 10 JUN 2015
... majority of Australians leave the workforce before the age of 65. "With the possibility of this increasing to 70 over the next 20 years, younger Australians need to consider the importance of their long-term health and its impact on career, wealth and ...

Market flat at noon

AAP  |  WEDNESDAY, 10 JUN 2015
... more than $650 million in new stores and infrastructure and add more than 2,000 staff to its Victorian workforce over the next three years. Airline Qantas declined three cents to $3.21 after it said it will begin direct flights between Sydney and San ...