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| | | ... pressure on the big funds, particularly the very conservative part of the market [like Perpetual, AXA and Challenger] that are pretty much on par with bank term deposits," said Dugald Higgins, operations manager at PIR. "No doubt we are going to see ... |
| | | | ... market - and the phenomenon shows no sign of stopping soon. Overall, Mahoney argues that the insurance industry has done "pretty well" compared to the investment banking industry, but at the heart of more troubled waters is the issue of depleting assets ... |
| | | | ... with expectations and that I think has stabilised or been a positive influence across the financial sector today. "It's a pretty decent market. I'm not saying we're all off to the races again but at least it's a positive day." NAB, which today reported ... |
| | | | ... capitulation today. "We've seen the market fall below quite a psychological level today, being the 4000 barrier, which is pretty important for the market," Mr Lewis said. "It has bounced back a little bit since then but going below that is the lowest ... |
| | | | ... the opposite. "I've been advising my clients all year to sit tight. Get cash behind you and wait. But now, I think we're pretty close to the bottom so if you just buy the top 10 shares on the ASX and hold them in the next five years, you'll make a lot ... |
| | | | ... of 24,470 contracts. At 1215 AEST, the All Ordinaries market capitalisation had fallen about $45 billion. "We are seeing pretty severe selling right across the board," Commonwealth Securities equity economist Savanth Sebastian said. But Aequs Securities ... |
| | | | ... Institutional dealer, Ric Klusman, said that, despite the market chaos, the Australian exchange could be a lot worse. "We're doing pretty well really," Mr Klusman said. "Don't forget that we have fallen close to ten per cent in the last week, so we've ... |
| | | | ... planners who would meet five new clients a day. "I would speak to clients daily, but one a day face to face could be a pretty reasonable base in the big scheme of things. But if you really want to ramp things up and are trying to write a lot of business ... |
| | | | ... others," he said. "We've certainly got interest from three or four of the private banks but they're saying 'when you're pretty sure you're going to get [the minimum] come back to us, we don't want to go to our clients and then turn around and give all ... |
| | | | ... Pacific, for PIMCO Australia) said he kept his strategies simple over the year. "In July last year, the markets looked pretty bad so we brought all our assets back to Australia so that we only own Aussie debt today." He continued, "I think the RBA is ... |
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