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Market wrap

AAP  |  WEDNESDAY, 28 JAN 2015
... quarter. Engineering group Bradken was in a trading halt after it said a proposed $872 million takeover offer for the company had fallen through.

BetaShares launches ASX-listed ETF for US equities

LAURA MILLAN  |  WEDNESDAY, 28 JAN 2015
... 1000 ETF will trade under the ASX code 'QUS'. The equities in the index are weighted based on the economic size of each company, rather than on the market capitalization. The reason behind that is to use stock measures that do not depend on market price ...

UK pension funds required to warn consumers

STAFF WRITER  |  WEDNESDAY, 28 JAN 2015
... national budget. Previously retirees we required to allocate their saving to an annuity, one usually sold by a life insurance company. To allay concerns that unaware consumers may be overwhelmed by complex product information and enticed to select inappropriate ...

A Fed surprise?

BENJAMIN ONG  |  WEDNESDAY, 28 JAN 2015
... over US growth following a "surprise" 3.4% drop in durable goods orders (the fourth straight month of declines); it's company earnings disappointments (which raise concerns over US growth). Both of these can be traced back to the surging US dollar. Bloomberg's ...

WAM Research investment portfolio outperforms index by 10.1%

ALEX BURKE  |  TUESDAY, 27 JAN 2015
... investors with a diversified portfolio of undervalued growth companies while delivering strong risk-adjusted returns. The Company is committed to delivering a stream of rising fully franked dividends and the investment portfolio's positive performance ...

Dai-ichi Life expands US, Asia Pacific presence

ALEX BURKE  |  TUESDAY, 27 JAN 2015
Dai-ichi Life, Japanese parent company of Australian life insurer TAL, is expanding its operations in the US and Asia Pacific regions. It announced last week that it would be establishing regional headquarters in these regions, along with acquiring ...

Market wrap

AAP  |  THURSDAY, 22 JAN 2015
... $33.795, National Australia Bank was 24 cents higher at $34.32 and ANZ was up 28 cents to $31.91. Shares in packaging company Amcor were down 50 cents, or 3.9 per cent, at $12.38 after chief executive Ken Mackenzie announced his resignation, to be replaced ...

Perpetual reveals institutional, platform mandates

LAURA MILLAN  |  THURSDAY, 22 JAN 2015
... Equities of $500 million from the institutional channel and about $250 million raised by Perpetual's listed investment company (LIC), Perpetual Equity Investment Company Limited. These inflows were offset by outflows from the group's Cash and Fixed Income ...

Market Wrap AM

AAP  |  THURSDAY, 22 JAN 2015
... Thursday, the Housing Industry Association release new home sales data for November and in equities news, medicinal cannabis company Phytotech lists on the Australian stock exchange. In Australia, the market on Wednesday made solid gains, buoyed by a ...

AMCIL suffers short-term performance dip

MARK SMITH  |  WEDNESDAY, 21 JAN 2015
Listed investment company AMCIL saw its half-year profit fall 23.8% to $2.8 million in the six months to 31 December but the fund is still ahead of its benchmark over the longer term. Revenue from investments was $3.6 million excluding capital gains ...