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Market Wrap - Morning

AAP  |  FRIDAY, 17 AUG 2007
The Australian share market is expected to continue clawing back ground when it opens today, despite a neutral lead from Wall Street and lower base metal prices. At 0829 AEST, the September Share Price Index was up 10 points at 5710 on the Sydney futures ...

Active fund tax burden costs 4pc of returns

CHRIS NICHOLLS  |  THURSDAY, 16 AUG 2007
The extra tax burden of active investing could cost up to $38,000 for a top marginal tax bracket investor with $500,000 in investments, according to Vanguard research. Vanguard's head of retail Robin Bowerman said that while super funds enjoyed concessional ...

QIC and QSuper pour $28b in alpha-beta mandates

Vanguard and State Street are among the winners of QIC's radical move announced a year ago to invest $28 billion in separate alpha and beta strategies, with both fund managers awarded around $3 billion each in passive mandates. Many super funds have ...

Risky business

SUZY MAC  |  THURSDAY, 16 AUG 2007
Forget loss of appetite, investors seem to have become risk-phobic resulting in equities along with the Aussie dollar suffering another hammering. In a race to the bottom of the pool, the S&P/ASX200 plummeted 9.9 per cent from June's peak, the Nikkei ...

Market Wrap - Morning

AAP  |  THURSDAY, 16 AUG 2007
... Financial shares plunged on a brokerage downgrade and rumours that it was having trouble raising money. The clouds enveloping the top US mortgage lender, which had its biggest one-day percentage drop since 1987 and ranked among the biggest losers on ...

Look before you leap

... performance tables with a grain of salt. "Sometimes these figures can be misleading, inasmuch as a manager can appear at the top of a five year chart because of an exceptional one year performance five years ago, which has not been repeated in the next ...

ING hires new small caps analyst

... manager, joined as the small cap portfolio manager. According to Mercer, INGIM's flagship small companies composite ranked in the top quartile over the one-year, two-year and three-year periods to June 2007 with a one-year return of 52.1 per cent nominal ...

Battling the bears

SUZY MAC  |  TUESDAY, 14 AUG 2007
Investors' appetite for risk has been spoiled by fears of a global credit crunch, however the share market yesterday saw savvy investors snapping up banking and construction sector bargains. US markets finished up essentially where they started after ...

Market Wrap - Morning

AAP  |  TUESDAY, 14 AUG 2007
In Sydney, the Australian share market is expected to open higher as a neutral Wall Street and higher base metal prices offer no strong negative lead. At 0811 AEST on the Sydney Futures Exchange, the September share price index was up 40 points to 6,037 ...

MetLife and Challenger finalise deal

... year. We are now positioned to focus our resources on aggressively growing these core businesses." MetLife hopes to hold the top three positions in these two divisions by 2010. Meanwhile, Challenger said in a separate investor update that their strategic ...