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Market Wrap AM

AAP  |  WEDNESDAY, 22 MAY 2013
The Australian market looks set to open lower despite gains on Wall Street ahead of US Federal Reserve chairman Ben Bernanke's testimony in Congress. At 0646 AEST on Wednesday, the June share price index futures contract was down six points at 5,186. ...

Breaking the bad in the eurozone

BENJAMIN ONG  |  TUESDAY, 21 MAY 2013
... appears just a distant memory especially when you look at the current performance of the Europe Stoxx 600 index. As at the close of trading last night, the benchmark index has risen back up to its highest level in five years and has appreciated by 10.8% ...

Market Wrap AM

AAP  |  TUESDAY, 21 MAY 2013
The Australian market looks set to open higher despite Wall Street falling slightly ahead of Federal Reserve Chairman Ben Bernanke's testimony on the economic outlook to Congress. At 0635 AEST on Tuesday, the June share price index futures contract ...

Peak6 $1bn capital raise boosted by Aussie instos

MARK SMITH  |  MONDAY, 20 MAY 2013
US hedge fund manager Peak6 has soft-closed its new Achievement fund after attracting significant inflows from Australian investors. The fund, which launched in September 2012, has already reached the $1 billion in funds under management (FUM) milestone ...

Market Wrap AM

AAP  |  MONDAY, 20 MAY 2013
The Australian market looks set to open higher after Wall Street again set new records. At 0630 AEST on Monday, the June share price index futures contract was up 19 points at 5,212. In economic news on Monday, the Commonwealth Bank business sales indicator ...

Standard Life Inv Absolute Return Bond fund open to Aussie investors

MARK SMITH  |  FRIDAY, 17 MAY 2013
... return on their investment. Standard Life Investments says that with the 30-year bull run in fixed income assets drawing to a close, now could be the ideal time for investors to allocate some existing fixed income exposure to products with an absolute ...

Retirement objective is income not performance

ALEX DUNNIN  |  THURSDAY, 16 MAY 2013
... surprising, risk aversion actually goes up as members get closer to retirement." This makes sense, she explained, because those close to retirement no longer have years to work to recover from a "black swan" market shock which are in reality more common ...

Enshrinement of "financial planner" closer to becoming law

MARK SMITH  |  THURSDAY, 16 MAY 2013
The terms "financial planner" and "financial adviser" took a step closer to being enshrined in law after a Parliamentary Joint Committee (PJC) was asked to provide a report on the issue. With the Coalition confirming they would not oppose the bill ...

Study highlights honesty of LinkedIn users

JAMES FERNYHOUGH  |  WEDNESDAY, 15 MAY 2013
... background in second place. Robert Half carried out a similar study in the UK in April this year. The findings were remarkably close to those of the Hong Kong study. However, 14% of UK finance directors said they 'never' trust LinkedIn profiles, double ...

Budget 2013-14 wrap up

ALEX DUNNIN  |  WEDNESDAY, 15 MAY 2013
The headlines for the sector are that the superannuation changes announced on 5 April 2013 have been confirmed, the Medicare levy will increase by 0.5% from next year to offset the cost of National Disability Insurance Scheme (NDIS), some future tax ...