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Market wrap - morning

AAP  |  FRIDAY, 24 AUG 2007
... cent, to 1,462.50 and the Nasdaq Composite Index shed 11.10 points, or 0.43 per cent, to 2,541.70. LONDON - Britain's index of top 100 shares finished trade flat. The FTSE 100 index closed 0.9 points higher to 6,196.9 points. FRANKFURT - The DAX index ...

Defined benefit super not a liability

While the top 170 companies listed on the ASX have an aggregate defined benefit superannuation liability of $40 billion, the total net liability is so minimal there is no cause for concern, according to a Watson Wyatt study. The study found that of ...

MLC launches adviser MAs

ALEX DUNNIN  |  WEDNESDAY, 22 AUG 2007
... for advisers who use a 'core plus satellite approach'. "The accounts are very cost competitive with no additional fees on top of what the client would ordinarily pay to use the MasterKey Custom platform, including no on-line transaction fees." Online ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 22 AUG 2007
The Australian sharemarket is expected to open lower today after a mixed result on Wall Street and falls in some commodity prices. At 758 AEST, the September Share Price Index was down 29 points to 5939 on the Sydney futures exchange. In data today ...

Austock Life on Rainmaker iTV

Need to know more about imputation bonds and other tax effective strategies? Austock Life is the first to present a video-on-demand (VOD) seminar exclusively for financial planners regarding tax-paid managed funds, now available on Rainmaker iTV. Just ...

Market Wrap - Midday

AAP  |  TUESDAY, 21 AUG 2007
... stronger, including nickel, which is helping the rally in those stocks here today. "Mostly the banks have been weaker with the top four down, and we also saw Macquarie Bank weaker again today but they are trying to rally at the moment. "People are taking ...

Inhouse investment consulting on the rise

ALEX DUNNIN  |  TUESDAY, 21 AUG 2007
... investment managers and financial institutions. "If industry funds are competing they need competitive advantage," he said. "Our top 10 clients would have tripled their teams in the last few years, while others have taken the right decision to outsource," ...

Market Wrap - Morning

AAP  |  TUESDAY, 21 AUG 2007
... 1,445.55. The Nasdaq Composite Index gained 3.56 points, or 0.14 per cent, to close at 2,508.59. LONDON - Britain's index of top 100 shares continued to recover, with miners offering assistance, although the rises were limited by remaining credit concerns. ...

Former ASFA head moves to First State Super

CHRIS NICHOLLS  |  MONDAY, 20 AUG 2007
... of Australia's largest and fastest growing super funds." Smith begins in October this year. First State Super is among the top ten largest super funds in Australia, with over 508,000 members and more than $14.5 billion under management.

Market uncertainty stalls K2 float

MICHAEL HOBBS  |  FRIDAY, 17 AUG 2007
Top rating fund manager K2 Asset Management has withdrawn its initial public offer (IPO) due to recent market volatility. K2 Asset Management chairman Campbell Neal said an ASX listing at this time would not meet the objectives of K2 and therefore wouldn't ...