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Market Wrap - Morning

AAP  |  THURSDAY, 24 FEB 2011
... support at 99.80 US cents," Mr Speizer said. That's a very key line to watch, if it breaks below 99.80, then 98.00 cents is the next target." Australian Capital expenditure data for the December quarter will be released during Thursday's local sessio ...

Spot the bubble before they burst

MATT WOODINGTON  |  THURSDAY, 24 FEB 2011
Gold could be the next investment bubble to burst, according to a highly regarded financial adviser, but long and painful losses on any bubbles are avoidable with the right frameworks in place. Speaking at the SPAA conference, Tim Farrelly, principal ...

AMP steps up adviser support

ELISE BURGESS  |  WEDNESDAY, 23 FEB 2011
... distribution, told the roadshow audience that AMP will step up it adviser support throughout the transition period. "The next stage will be about managing the increasing demand for advice, but also the regulatory changes that concern the industry. However ...

BlackRock iShares breaks $1bn barrier

ALEX DUNNIN  |  WEDNESDAY, 23 FEB 2011
... of self-managed super fund (SMSF) and self-directed investors. ETFs are projected to grow 30-40 per cent annually over the next few years to reach $12 billion said Deborah Fuhr, BlackRock's global head of ETF rsearch and implementation strategy. This ...

Bad news bear

BENJAMIN ONG  |  WEDNESDAY, 23 FEB 2011
... does BoA Merrill Lynch. "The world recovery would be jeopardized if oil climbed to average $115 a barrel this year and $130 next year... Still, that's unlikely because energy demand is set to ease by almost half this year to an average of 1.5 million ...

Proposed reforms could hurt insurance levels: AFA

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
... Lifewise/NATSEM report released last February that indicated the problem could cost the government $1.3 billion over the next 10 years in extra social security payments. The AFA is soon set to begin the third tranche of its consumer/adviser research. ...

Poor advice fine to reach $200k

ELISE BURGESS  |  MONDAY, 21 FEB 2011
... fine under the Corporations Act, which deems an adviser's defence as acting under the licensee's instructions and advice. Next month, however, the Government is making a move to amend the Act to explicitly include a statutory fiduciary duty for financial ...

Rise of 'climate sensitive' asset allocation: Mercer

MATT WOODINGTON  |  MONDAY, 21 FEB 2011
... so called 'climate sensitive assets'. Climate change could account for 10 per cent of investment portfolio risk over the next 20 years, according to a report led by Mercer. Super funds should therefore look at investment more in terms of where risk is ...

Yakety yak

BENJAMIN ONG  |  MONDAY, 21 FEB 2011
... countries." Got that? They reiterated! Yes, they did. They also welcomed, encouraged, called on and promised to discuss at their next meeting. Perhaps there'll be concrete action at their next meeting. Perhaps pigs can fly!

Former IOOF sales head joins Bendigo

ELISE BURGESS  |  FRIDAY, 18 FEB 2011
... appointed a new head of wealth markets. Alexandra Tullio, formerly head of sales at IOOF for four years, will join to group next month. She will assist in the restructure of the bank's wealth product offering teams and services and will also be responsible ...