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Market wrap

AAP  |  MONDAY, 16 JAN 2006
... since a week earlier. WELLINGTON - The New Zealand sharemarket tracked offshore markets lower on Friday, led by concerns over top stock, Telecom. The benchmark NZSX-50 gross index fell 19 points, or 0.56 per cent, to 3,364.41, while the NZSX all capital ...

Great Southern a big winner in super rankings

Great Southern Super is the big winner in Rainmaker Information's SelectingSuper performance tables, released late last week. With a three-year average return of 15.1 per cent per annum, the Great Southern Super Growth Strategy fund debuted at number ...

RBC and Dexia join hands to form top 10 global custodian

The Royal Bank of Canada (RBC) and Dexia have combined their institutional investor services arms to become a formidable top 10 global custodian with $2.7 trillion in assets under custody. The new company, to be renamed RBC Dexia Investor Services will ...

Super savings close in on hitting $800 billion: APRA

... per cent. Overlaying these return metrics with sector growth indicators confirms that the money therefore is not chasing the top earners but is being pushed by the outsourcing and restructuring wave. And it gets even more exciting when we see how the ...

Statewide gets extended public offer license

... financial advisers. The EPO license potentially allows Statewide to extend and develop these product lines even further. On top the Statewide credit union, the EPO may also signal other directions for the fund. Statewide chief executive officer says ...

ASIC gives credit rating agencies a break

ASIC will give credit ratings agencies a break from the financial services licensing regime, in relation to their credit ratings on debt type instruments only. The relief will exempt Moody's Investors Service Pty Limited, Standard & Poor's (Australia) ...

Market wrap

... 500 Index was down 7.40 points at 1259.92. The Nasdaq Composite Index was down 29.74 points at 2222.74. LONDON - Britain's top shares closed higher, just short of 52-month highs, after drugs firms like AstraZeneca advanced following a favourable US patent ...

Optimum and REST the top performing allocated pensions: SelectingSuper

... allocated pension fund is managed through Intech, while REST's allocated pension fund is advised by JANA. REST was also the top performer in the capital stable investment sector over three years. The top allocated pensions for diversified growth options ...

Martin Currie plans for Japan Alpha

... in flat panel screen components manufacturers, motor components manufacturers and restructured investment trading houses. Top ten holdings include Mitsui Sumitomo, Denso and Mizuho Financial. While the UK fund is closed to new investors after reaching ...

Easy gains over and volatility ahead, warns Oliver

... through 2006. "There are more reasons for caution; there is the run up in the market and the fact that the US is towards the top of the market, and that is a concern for investors." Oliver highlighted the US trade deficit, international debt and year ...