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| | | Strong wealth management sector growth pushing Australia to net capital exporter status within 20 years shouldn't mean superannuation is seen as a panacea for our nation building problems, according to Emilio Gonzalez, chief investment officer at Perpetual ... |
| | | | Ethical fund managers Hunter Hall and the Australian Ethical Investment have responded to the CHOICE report that warned investors about funds that specialise in responsible investments. The CHOICE report urged investors to read the 'small print' when ... |
| | | | ANZ has signalled a desire to the Dutch-owned ING Group to move to outright ownership of the ING Australia joint venture, the Herald Sun reported on Saturday. ING, however, has refused to enter negotiations. A fresh attempt by ANZ is likely to close ... |
| | | | The high profile failures of debenture issuers such as Westpoint, Fincorp and Bridgecorp have prompted ASIC to release a consultation paper detailing tighter disclosure rules on debenture products. But is more disclosure enough to protect retail investors? ... |
| | | | Regulations to allow shorter 'incorporation by reference' product disclosure documents (PDSs), introduced in April by the Parliamentary Secretary to the Treasurer Chris Pearce, have come into force today. Originally introduced as part of a wider reform ... |
| | | | In a huge turnaround of priorities, the US Federal Reserve, which last week was more concerned about inflation than a sub-prime activated credit crunch, decided to cut its discount rate by 0.5 per cent to 5.75 per cent. The Fed charges this rate on ... |
| | | | Amid the background of hedge fund collapses both locally and in the US, the Alternative Investment Management Association of Australia (AIMA) today released new risk disclosure guidelines for Australian hedge funds. The voluntary guidelines, developed ... |
| | | | The Australian dollar was weaker at noon, continuing its recent slide against both the US dollar and Japanese yen on the back of a lack in investor confidence. At 1200 AEST, the Australian dollar was trading at $US0.8317/23, down from yesterday's close ... |
| | | | In Sydney, the Australian share market is expected to open to sharp declines after further drops on Wall Street. At 0708 AEST, on the Sydney Futures Exchange, the September share price index was down 77 points or 1.29 per cent to 5887. In economic news ... |
| | | | Industry reaction to the recent joint parliamentary committee report on the superannuation industry has been mixed, with shelf space fee-charging operators against the proposals while others sided with the report. Doug Chang, head of product at Macquarie ... |
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