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Market Wrap

AAP  |  MONDAY, 18 FEB 2013
The Australian market looks set to open higher after Wall Street closed mixed and Europe's main stock markets retreated as the Group of 20 finance ministers met amid growing talk of "currency wars". At 0631 AEDT on Monday, the March share price index ...

No fuss transition to 'no frills' super: Sunsuper

LAURA MILLAN  |  FRIDAY, 15 FEB 2013
Sunsuper's transition to MySuper was simple and easy, Sunsuper general manager of Product Andrew Nicholson said after the Australian Prudential Regulation Authority (APRA) granted the Queensland-based fund the first MySuper authorisation. "Our philosophy ...

AUI makes property team appointment

LAURA MILLAN  |  FRIDAY, 15 FEB 2013
Investment manager Australian Unity Investments (AUI) announced today the appointments of Peter Lambden as head of Property and Asset Management and Mark Lumby as head of Property Funds and Retail. AUI made the changes to the Property Funds management ...

Beans means Buffet

BENJAMIN ONG  |  FRIDAY, 15 FEB 2013
Buffet buys beans (and ketchup) maker. I think this about sums up the major event of last night. Wall Street liked it. It closed on the up after a down opening buffeted (pardon the pun, or is this a pun?) by news of continuing contraction in the economies ...

Asset diversification gathers momentum

MARK STORY  |  THURSDAY, 14 FEB 2013
Institutional investors continue to diversify their investment portfolios into alternative assets, increasingly via direct funds rather than funds of funds, according to global data from Towers Watson. The data shows that in 2012 its clients - which ...

Market Wrap AM

AAP  |  THURSDAY, 14 FEB 2013
... its highest level since 2008 as bank stocks soared on a better than expected profit from Commonwealth Bank (CBA). At the close, the benchmark S&P/ASX200 index was 44.7 points, or 0.9 per cent, higher at 5,003.7 while the broader All Ordinaries index ...

Market Wrap PM

AAP  |  WEDNESDAY, 13 FEB 2013
The Australian share market has briefly broken through the 5,000 point mark as a better than expected profit by Commonwealth Bank boosts sentiment. At 1030 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 39.8 points, or 0.8 per cent, at 4,998.8 ...

Super fund return expectations unrealistic

MARK SMITH  |  WEDNESDAY, 13 FEB 2013
... contribute around 10% per annually to performance to keep up with expectations, McDonald explained. Record low bond yields, close-to-zero interest rates in developed markets plus myriad risks including the European sovereign debt crisis and the US fiscal ...

Big deal day

BENJAMIN ONG  |  WEDNESDAY, 13 FEB 2013
Ho-hum. Wake me up when it's over. "Twas another ordinary day in the market's today folks. The only news being the long wait for US President Barack Obama's State of the Union address. According to Bloomberg, "He will make proposals for spending on ...

Market Wrap AM

AAP  |  WEDNESDAY, 13 FEB 2013
... finished flat after the All Ordinaries index pushed through the significant 5000 point barrier earlier in the day. At the close, the benchmark S&P/ASX200 index was 0.5 points, or 0.01 per cent, down at 4,959 while the broader All Ordinaries index was ...