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AustralianSuper adopts daily crediting rates

MICHAEL HOBBS  |  WEDNESDAY, 2 JUL 2008
The $28 billion industry super fund giant, AustralianSuper is reporting all its investment option crediting rates on a daily basis, a move that sets a new standard for other industry funds to follow. Previously, the industry super fund calculated and ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 2 JUL 2008
... caution, and continued selling by offshore investors. The NZSX-50 benchmark index shed 19.3 points, or 0.6 per cent, to close at 3,175.3.

Wanted: Wharton scholar

CAMERON BOGGS  |  TUESDAY, 1 JUL 2008
... knowledge," said Baldwin. The scholarship covers the cost of business class travel, tuition, accommodation and meals. Applications close on Thursday, 18 September 2008 at 5pm.

Market Wrap - Morning

AAP  |  TUESDAY, 1 JUL 2008
... cent this quarter, recovering about half of what it lost since a year-low hit in mid-March. The index shed 62.98 points to close at 13,481.38. HONG KONG - Shares marked their worst half-year performance since 1994, though the blue-chip index closed a ...

Market Wrap - Morning

AAP  |  MONDAY, 30 JUN 2008
... markets in hefty declines after Wall Street set a negative tone. The benchmark NZSX-50 lost 1.98 per cent, or 65 points, to close at 3,226.9. At 0812 AEST the NZXS-50 was down 3.243 points to 3,223.688.

SMSFs take up instalment warrants

MICHAEL HOBBS  |  FRIDAY, 27 JUN 2008
Instalment warrants will become more widely used by self managed super fund (SMSF) trustees as they become familiar with the strategy and banks start providing more products that enable them to do so, according to SuperConcepts. Graeme Colley, ING Australia ...

Market Wrap - Morning

AAP  |  FRIDAY, 27 JUN 2008
... and corporate news. The blue-chip Dow Jones Industrial Average sank 358.41 points, or 3.03 per cent, to 11,453.42 at the close. The technology-heavy Nasdaq composite tumbled 79.89 points, or 3.33 per cent, to 2,321.37 and the Standard & Poor's 500 broad-market ...

Market Wrap - Morning

AAP  |  THURSDAY, 26 JUN 2008
... the sluggish economy. The Dow Jones Industrial Average edged up 4.4 points, or 0.04 per cent, to 11,811.83 at the market close and the technology stock-heavy Nasdaq composite rose 32.98 points, or 1.39 per cent, to 2,401.26. The Standard & Poor's 500 ...

Plato wins OptiMix mandate

RUTH LIEW  |  WEDNESDAY, 25 JUN 2008
... highly skilled in being able to control risk in its short positions. Meanwhile, factor and sector exposures are kept in close line with the index. "These considerations are important in our view as they ensure that the majority of the portfolio's risk ...

ING buys into Turkish pension market

MICHAEL HOBBS  |  WEDNESDAY, 25 JUN 2008
Global Dutch financial institution ING Group purchased Turkey's first and only voluntary pension fund, Oyak Emeklilik for $180 million to tap into the country's pension market. Previously owned by OYAK Group and established in 2003, Oyak Emeklilik has ...