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Market Wrap AM

AAP  |  WEDNESDAY, 20 NOV 2013
... turned lower on Tuesday also as the OECD said that, while growth in advanced economies would pick up speed this year and next, it would do so mostly at a slower pace than forecast as new risks loom, especially from emerging economies. London's benchmark ...

Most super funds shun in-house investment

LAURA MILLAN  |  TUESDAY, 19 NOV 2013
Most superannuation funds do not intend to insource their investment management over the next three years, despite the fact that some have made moves in this direction. As many as 77% of industry, retail, corporate and public sector super funds' chief ...

Digital shift leaves industry funds behind

LAURA MILLAN  |  MONDAY, 18 NOV 2013
... media network in Australia. Yet, less than a quarter of industry and corporate super funds communicate through it. Twitter is next in the line, but only 35% of super funds are using it. Some do not even cover the basics of the digital era. According ...

Claims surge forces insurer to increase pricing

LAURA MILLAN  |  FRIDAY, 15 NOV 2013
... Beazley's strategy to face the surge in claims is "to make sure that the premiums that we are going to be receiving over the next years and the policy period are sufficient enough to cover the costs." He said that Beazley has "a boutique approach" to ...

Investors complacent of inflation risk

MARK SMITH  |  FRIDAY, 15 NOV 2013
... it'll be too late," he said. He added that while QIC anticipates inflation pressure in Australia to remain subdued for the next couple of years, central bank policy during that time has no precedent and therefore there is a reasonable risk of unanticipated ...

Advisers leave China and turn to US growth

LAURA MILLAN  |  FRIDAY, 15 NOV 2013
... Peker said. About 40% of advisers said that they could encourage their clients to invest in the US or North America over the next months, up from 10% in 2009. However, interest in China has fallen, with only 12% of advisers willing to recommend single-region ...

Indonesia VP attends Melb investor forum

ALEX DUNNIN  |  FRIDAY, 15 NOV 2013
... economists are forecasting that their economy, currently valued at A$960 billion, could eclipse Australia's economy within the next decade. "With the UK, USA, Singapore, Japan and Korea the top five foreign investors it's only a matter of time before ...

Market Wrap AM

AAP  |  FRIDAY, 15 NOV 2013
... scheduled. In Australia, the market on Thursday closed higher due to indications economic stimulus in the US is likely to run into next year. The benchmark S&P/ASX200 index added 36.2 points, or 0.68 per cent, to 5,355.4. The broader All Ordinaries index ...

Market Wrap

AAP  |  THURSDAY, 14 NOV 2013
... is trading higher on Wall Street's overnight gains and comments suggesting the US economic stimulus program will run into next year. Janet Yellen, nominated to take over as head of the Federal Reserve, overnight said the US economy was running "far short" ...

Henderson acquires hedge fund manager H3 Global Advisors

MARK SMITH  |  THURSDAY, 14 NOV 2013
... transition of the Responsible Entity ownership of the H3 Commodities Fund and the H3 Global Strategies Fund to HGI over the next six months. Henderson manages $123 billion (as at 30 September 2013) of assets on behalf of clients in the UK, Europe, Asia-Pacific ...