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All not lost for LPTs

RUTH LIEW  |  WEDNESDAY, 29 OCT 2008
... since June, compared with direct property's zero per cent returns. This is a huge divide - and is a major factor in the close watch by investors on which asset class would come out the victor from the financial crisis. Right now, there's no doubt that ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 29 OCT 2008
... the federal reserve tomorrow, analysts said. The Dow Jones Industrial Average gained 889.35 points, or 10.88 per cent, to close at 9,065.12. The Nasdaq jumped 143.57 points, or 9.53 per cent, to 1,649.47 and the broad-market Standard & Poor's 500 index ...

Market Wrap - Midday

AAP  |  TUESDAY, 28 OCT 2008
... erased the bulk of the financial sector's gains. The Dow Jones Industrial Average dropped 203.18 points, or 2.42 per cent, to close at 8,175.77 after being up as much as 200 points during the day. The Nasdaq composite lost 46.13 points, or 2.97 per cent ...

Retail fund fights back

MICHAEL HOBBS  |  TUESDAY, 28 OCT 2008
... showed industry funds had outperformed the average retail fund, but the Colonial FirstChoice - Growth fund actually tracked close to the industry fund average. APRA figures from 2006 showed the retail weighted average expense rate was 1.88 per cent ...

BT reaps $1.7bn in net inflows

RUTH LIEW  |  TUESDAY, 28 OCT 2008
BT Investment Management has defied the finance sector's downturn by achieving a credible $1.7 billion in net inflows from institutional and wholesale clients for the year ended September 2008. BT's funds under management averaged $38.5 billion over ...

UBS and Præmium talks fail

MICHAEL HOBBS  |  TUESDAY, 28 OCT 2008
... enhancements include advanced fixed interest capabilities, administration of assets across currencies and exchanges are very close to completion and will soon be available to existing clients. This news comes as the exclusivity arrangement with BlackRock ...

Yen caught in crossfire

BENJAMIN ONG  |  TUESDAY, 28 OCT 2008
Now it's the Japanese yen's turn. The current financial crisis that started in the US sub-prime sector and had been strangling the stock and money markets is now morphing into an exchange rate problem. Increased risk aversion and the unwinding of yen ...

Market Wrap - Morning

AAP  |  TUESDAY, 28 OCT 2008
... Brisbane. Locally yesterday the benchmark S&P/ASX200 index closed down 60.2 points, or 1.56 per cent, at 3,809.2, its lowest close since since November 2, 2004. The broader All Ordinaries index shed 63.3 points, or 1.65 per cent, to 3,768.3, the lowest ...

Market Wrap - Midday

AAP  |  MONDAY, 27 OCT 2008
... stocks and hampered by weaker crude oil prices and generally lower base metal prices. The Australian dollar - which was close to parity with the US dollar about three months ago and hit a five and a half year low in weekend offshore trading - remained ...

Market Wrap - Morning

AAP  |  MONDAY, 27 OCT 2008
... stocks drove the market lower. The broader All Ordinaries dropped 107.7 points, or 2.73 per cent, to 3831.6 - its weakest close since November 2, 2004. NEW YORK - US stocks tumbled amid a panic-driven global market rout, on rising fears of a worldwide ...