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Market Wrap

AAP  |  FRIDAY, 8 MAR 2013
The Australian market looks set to open higher, following gains in US and European stocks after the British and European central banks kept their rates on hold. At 0830 AEDT on Friday, the March share price index futures contract was up 20 points at ...

Market Wrap PM

AAP  |  THURSDAY, 7 MAR 2013
... the Dow needs to be at record highs, I am not quite convinced." The S&P/ASX200 posted a four-and-a-half-year high at the close of trade on Wednesday. At Thursday's open, the gold sector was the biggest mover, soaring 2.29 per cent, according to IRESS ...

Former Hunter Hall managers gather new FUM in Morphic

LAURA MILLAN  |  THURSDAY, 7 MAR 2013
Global equities fund manager Morphic Asset Management has reached $25 million in Funds Under Management (FUM) since it was funded last July by two former Hunter Hall global equity portfolio managers, Jack Lowenstein and Chad Slater. Lowenstein and Slater ...

Market Wrap

AAP  |  THURSDAY, 7 MAR 2013
... 1.76 (0.05 per cent) to 3,222.37. LONDON - Europe's main stock markets fallen back from gains posted in early trading to close with mixed results as London's FTSE 100 index of leading companies slipped by a slight 0.07 per cent to 6,427.64 points. The ...

Investors Mutual wins Aus equities mandate

MARK SMITH  |  WEDNESDAY, 6 MAR 2013
... new mandate win extends a period of success for the fund manager in the institutional space. Investors Mutual was awarded close to $450 million by Russell Investments back in May 2012, shortly followed by another $400 million win from Funds SA, Rainmaker ...

Strong returns help UniSuper stave off benefit review

ALEX DUNNIN  |  WEDNESDAY, 6 MAR 2013
... obviously pleased with this increase, which has resulted from improvements in investment markets in recent months. However, close monitoring will continue given the volatile market experience of the past four years," they noted in the letter to DB fund ...

Can't help falling in love with stocks

BENJAMIN ONG  |  WEDNESDAY, 6 MAR 2013
"Sing Hallelujah! Sing it Sing Hallelujah! Sing it, yeah Sing Hallelujah!" -- 'Sing Hallelujah' by Dr. Alban They're dancing and singing on the streets - Wall Street, that is -- for the Dow Jones Industrials Index has officially closed at an all-time ...

Market Wrap

AAP  |  WEDNESDAY, 6 MAR 2013
... Federal Reserve reaffirmed its aggressive stimulus policy. London's FTSE 100 index of top companies jumped 1.36 per cent to close at 6,431.95 points, Frankfurt's DAX rallied 2.32 per cent to a five-year high of 7,870.31 and in Paris the CAC 40 leapt ...

Lost super deadline closes in

ALEX DUNNIN  |  TUESDAY, 5 MAR 2013
The Australian Taxation Office is reminding superannuation funds they have less than three months before the 31 May deadline to transfer certain lost super accounts to the Australian Taxation Office. Lost super under the requirements are defined as ...

Market wrap - morning

AAP  |  TUESDAY, 5 MAR 2013
... Every sector, except property, finished in the red as transport groups Brambles and Toll also traded ex-dividend. At the close, the benchmark S&P/ASX200 index was 75.6 points, or 1.49 per cent, down at 5,010.5 while the broader All Ordinaries index was ...