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Magellan fund awarded Morningstar Gold rating

ALEX BURKE  |  THURSDAY, 26 FEB 2015
... management of ETFs globally which we believe reflects existing overseas disclosure regimes. In our view, it is likely that the next generation of ETMFs will solve the disclosure issue and experience rapid growth in the coming years."

Vontobel expands Australia, New Zealand operations

ALEX BURKE  |  THURSDAY, 26 FEB 2015
... strategies run out of New York have been very well received by Australian superfunds and institutions. Now it is time to take the next step and demonstrate our long-term commitment to this market by expanding our footprint into other areas of investment ...

Altair AM signs equity mandates

MICHELLE BALTAZAR  |  THURSDAY, 26 FEB 2015
... almost 5% higher than the comparative benchmark. In a separate announcement, the group joins Westpac in predicting a rate cut next month, despite consensus view of the next rate cut being in May. Stephen Roberts, the fund's in-house chief economist ...

SFG acquisition boosts IOOF growth

LAURA MILLAN  |  THURSDAY, 26 FEB 2015
... 25 cents per share interim dividend, which represents an 11% increase on last financial year's interim dividend. "For the next six months, the successful integration of the SFG business into IOOF remains our key priority. Our progress is well advanced," ...

Mind over matter

BENJAMIN ONG  |  TUESDAY, 24 FEB 2015
... following the Federal Open Market Committee's (FOMC) 28-29 October meeting. Perhaps, markets are on hold while awaiting the next big thing coming our way tomorrow and the day after tomorrow - and her name is Janet. The Fed Chairman will be testifying ...

Grant Thornton appoints former KPMG principal

ALEX BURKE  |  WEDNESDAY, 18 FEB 2015
... current debate and reform, but a lot more needs to be done. The outcomes of sector reform will have a profound impact on the next generation."

WTF moment on Wall Street

BENJAMIN ONG  |  WEDNESDAY, 18 FEB 2015
... time" (Bloomberg headline) and "Earnings for S&P 500 companies rose 4.2 percent last quarter, and will probably drop in the next two periods, according to analysts' forecasts compiled by Bloomberg" (Bloomberg report under same Bloomberg headline). Alright ...

Grexit not Greek to Brits

BENJAMIN ONG  |  TUESDAY, 17 FEB 2015
No deal! This is the latest news on the Greek bail out talks, and onwards until the next bluff we go... until the 11th hour when ultimately Greece and its creditors suddenly become lovey-dovey once more holding hands while kicking the can down the road ...

Nikko AM managing director resigns

LAURA MILLAN  |  MONDAY, 16 FEB 2015
... continue in his role in the meantime to assist in the transition. Davis is "planning to take a break before embarking on the next stage of his own career," a Nikko AM spokesperson said. "In his three years as MD, Mike has overseen significant change ...

Stimulate or deflate

BENJAMIN ONG  |  MONDAY, 16 FEB 2015
... also making progress". For sure and for certain they played a part in buoying sentiment, but they'll also turn on a dime the next day or the following week. Write to mommy about the growing worry about deflation (which is bad) and the growing number ...