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FIIG's latest bond issue already oversubscribed

JAMES FERNYHOUGH  |  FRIDAY, 20 SEP 2013
... capital through the bond market and for the first time we have closed this note issue while already holding the mandate for the next issue, so we are confident that the market will keep growing." Cash Converters managing director Peter Cumins said: "We ...

Surprise tapering delay boosts Australian shares

MARK SMITH  |  THURSDAY, 19 SEP 2013
... perceived rise in long-term interest rates. This decision should cap rises in longer-term interest rates for at least the next three months," he said. Forster said the motivation to continue printing money may in part be an attempt to sustain the recovery ...

Institutional investors to lift infra assets

MARK SMITH  |  THURSDAY, 19 SEP 2013
... Infrastructure Spotlight report, 63% of public and private sector pension funds plan on investing more in the asset class in the next 12 months than they did in the last 12 months. Preqin said infrastructure funds have already raised an aggregate $17bn ...

Retirees see silver lining of slowing mining boom

JAMES FERNYHOUGH  |  THURSDAY, 19 SEP 2013
... "Investors didn't get a lot of dividend out of resource stocks over the last five years, but I think they'll get a lot more in the next five years." One resources company already paying a higher dividend is Woodside Petroleum. In 2011 and 2012, the company ...

FSU considering options after NAB snub

MARK SMITH  |  WEDNESDAY, 18 SEP 2013
... Short Term Incentives [STIs] and now faces further action from the union. The Financial Sector Union (FSU) is considering its next steps after National Australia Bank (NAB) failed to clarify whether sacked employees would be entitled to their Short Term ...

ANZ, BHP, Tidswell get MySuper authorisation

ALEX DUNNIN  |  WEDNESDAY, 18 SEP 2013
... latest MySuper authorisations take the number of retail fund groups ready to accept default SG contributions from 1 January next year to 13 out of the 21, according to Rainmaker, that currently operate into the corporate master trust space. Only five ...

Market Wrap PM

AAP  |  MONDAY, 16 SEP 2013
... fresh five-year high following news former US Treasury secretary Larry Summers with withdrawn his candidacy to become the next Federal Reserve chairman. Mr Summers' decision means Professor Janet Yellen, the Fed's current vice chairman, is now the leading ...

ETF Securities launches product creation service

MARK SMITH  |  MONDAY, 16 SEP 2013
... increase in ETF assets over the last decade. ETF Securities expects the market to grow by at least an additional 50% over the next two years as investors are attracted to the cost advantages, transparency and ease of trading that ETFs offer over many ...

Not long now

BENJAMIN ONG  |  MONDAY, 16 SEP 2013

Market Wrap AM

AAP  |  MONDAY, 16 SEP 2013
... KONG - Asian markets were mostly lower in quiet trade at the end of a positive week for investors, as attention turns to next week's US Federal Reserve meeting. Wall Street provided a soft lead, with no fresh cues to spur buying, as dealers await the ...