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Market Wrap

AAP  |  MONDAY, 27 MAY 2013
The Australian share market is set for a small fall when it opens for the week. Wall Street provided a mixed lead on Friday night, with the main indices only marginally changed heading into a three-day weekend. At 0758 AEST on Monday, the June share ...

Platinum remains bullish on Japan

ALICE URIBE  |  FRIDAY, 24 MAY 2013
... progress. "When they stopped QE in the States, nothing is clear because it depends why it stops, "he said. "So, we're not even close to that in Japan, we still have prices barely up on a year ago." Neilson predicted that the domestic sector would begin ...

Pressure on benchmark affects managers performance: Cuffe

LAURA MILLAN  |  FRIDAY, 24 MAY 2013
... him about the country allocation and what is the sector allocation relative to the index; in 90% of cases both are very close to it," Cuffe said. Cuffe also recommended fund managers to combine a "star horse" in funds management with business management ...

AUI investors approve property fund merger

MARK SMITH  |  FRIDAY, 24 MAY 2013
Investors in Australian Unity Investments' (AUI) Second Industrial Trust (SIT) have voted in favour of a merge with AUI's Office Property Fund (OPF) at a meeting of investors in Melbourne. The proposal, which had the support of 89.8% of voters, will ...

Market Wrap

AAP  |  FRIDAY, 24 MAY 2013
The Australian market looks set to open higher despite falls on major overseas markets following Federal Reserve chairman Ben Bernanke's testimony to congress and the release of the central bank's policy meeting minutes. At 0750 AEST on Friday, the ...

Market Wrap

AAP  |  THURSDAY, 23 MAY 2013
The Australian market looks set to open lower after Wall Street finished down despite a morning rally during the early part of Federal Reserve Chairman Ben Bernanke's testimony to Congress. At 0753 AEST on Thursday, the June share price index futures ...

BT upgrades Asgard and BT Wrap ahead of FoFA

STAFF WRITER  |  WEDNESDAY, 22 MAY 2013
BT Financial Group has updated its Wrap Desktop and AdviserNET to assist advisers prepare for their Future of Financial Advice (FoFA) obligations. "Advisers now have administrative support for most of their obligations around fee disclosure statements ...

Market Wrap PM

AAP  |  WEDNESDAY, 22 MAY 2013
... someone big like that moves out of the stock," Mr Jennings said. Mr Jennings said he expected the market to drift along at close to current levels for the rest of the local trading day.

Rothschild credit fund soft-closes after solid family office inflows

MARK SMITH  |  WEDNESDAY, 22 MAY 2013
Rothschild's Merchant Banking arm has soft-closed its Five Arrows Credit Solutions (FACS) fund at a,-235 million after seeing strong inflows from family office, high net worth and global institutional clients. The private debt fund is focused on the ...

Yuan to float free, in our dreams

BENJAMIN ONG  |  WEDNESDAY, 22 MAY 2013