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UBS adds gas to global infra fund

MATT WOODINGTON  |  FRIDAY, 17 JUN 2011
UBS Global Asset Management has added to its infrastructure and private equity portfolio with the acquisition of a Norwegian gas company. Njord Gas Infrastructure, which is 82 per cent owned by UBS International Infrastructure Fund, has closed a deal ...

VIX says no fear

BENJAMIN ONG  |  FRIDAY, 17 JUN 2011
We were just full of it yesterday, weren't we? Yes Virginia, we were filled with the words fear, anxiety, panic, doom and all else in between that spells M-E-L-T-D-O-W-N. We were so full of it that at one point, I thought it was already October - you ...

S&P looks to Africa as investment grows

MATT WOODINGTON  |  THURSDAY, 16 JUN 2011
S&P Indices has launched a new index to cater for a growing appetite to invest in Africa, coinciding with bullish earnings growth forecasts for the continent. According to S&P, the Access Africa index is made up of the largest and most liquid equities ...

Market Wrap - Midday

AAP  |  THURSDAY, 16 JUN 2011
... $1.35 cents to $78.73. The spot price of gold in Sydney was $US1,526.30 per fine ounce, up $US2.50 from Wednesday's local close of $US1,523.80. Preliminary national turnover was 1.6 billion securities worth $5.04 billion, with 209 stocks up, 783 down ...

Market Wrap - Morning

AAP  |  THURSDAY, 16 JUN 2011
The Australian share market is likely to decline after global equity and commodities markets declined overnight on weakening US economic data and Greece's escalating debt crisis. At 0746 AEST on the ASX 24, the June share price index futures contract ...

Market Wrap

AAP  |  WEDNESDAY, 15 JUN 2011
... $43.05 and Rio Tinto gained one cent to $80.21. The spot price of gold was $US1,525.10 per ounce, down $US2.55 from Monday's close of $US1522.55 per ounce. In other news, Downer EDI Ltd says RailCorp has completed the inspection process for the first ...

Advisers shape new unlisted property market

ELISE BURGESS  |  WEDNESDAY, 15 JUN 2011
Centuria Property has launched new management benchmarks for its unlisted property funds after consulting with advisers on the least favourable aspects of current property funds in a bid to reshape the entire industry. Centuria Property spoke with advisers ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 15 JUN 2011
... rose 0.23 per cent. WELLINGTON - The New Zealand sharemarket bounced back a little after ending on Monday at its lowest close in nearly eight weeks. At the close of trading, the benchmark NZX-50 index was up 12.17 points at 3,488.85, recovering almost ...

Market Wrap

AAP  |  TUESDAY, 14 JUN 2011
... or 3.2 per cent, at 81.5 cents. The spot price of gold in Sydney was $US1,518.50 per ounce, down $US24.48 from Friday's close of $US1,542.98 per ounce. Newcrest was down 47 cents, or 1.2 per cent, at $36.98, while Kingsgate Consolidated was up 11 cents ...

SMSF trustees pile $69.5m in US property

ELISE BURGESS  |  TUESDAY, 14 JUN 2011
Dixon Advisory has raised more than double its target from SMSF trustees in a fund IPO backed by US residential property, including assets in New York The Australian-listed fund sought a minimum of $30 million in the IPO, instead receiving $69.5 million ...