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Market wrap

AAP  |  WEDNESDAY, 23 FEB 2005
The Australian share market is expected to open sharply lower today as weaker global stock markets set a negative tone for the local bourse. However, solid gains in some base and precious metals, as well as iron ore price negotiations, could help underpin ...

AXA upbeat on South East Asia

AXA Asia Pacific will look for more opportunities to expand in China and South East Asia, according to group chief executive, Les Owen. Announcing a profit after tax and before non-recurring items of $547.2 million for the 12 months to end December ...

van Eyk splits Australian equities review

van Eyk Research has split its Australian equities sector review and has released separate findings for managers it regards as specialist Australian equities managers. The split now gives the research house three areas of coverage in Australian equities ...

Industry funds still the cheapest option

A new survey of superannuation fund fees by Rainmaker Information's SelectingSuper confirms that industry funds and corporate master trusts are still the cheapest superannuation option. The survey of over 200 super funds and personal and corporate master ...

Sunsuper wins with corporate super

Sunsuper is benefiting from the trend into corporate superannuation offerings with its product - Sunsuper Corporate - seeing flows of $285 million in the three months to end January. Over the last 12 months the group has secured deals of $470 million ...

MTAA Super consolidates private equity position

The Motor Trades Association of Australia Superannuation Fund (MTAA Super) has entered into a $30 million joint venture capital fund with the Australian National University (ANU) and the ACT Government to help develop new businesses in the ACT. The ...

GPS Lite makes light work of communication channels for super trustees

Communication, education and lifestyle financial planning support system CARM has launched a new planning suite product for superannuation funds to allow better interaction between superannuation trustees and their members. Called GPS Lite, the new ...

IWL to buy Rivkin's broking business

IWL has won its battle to purchase Avcol Stockbroking, the broking arm of Rivkin Financial Services (RFS), for $10.2 million. The deal was announced today by the three key groups involved with the sale, RFS, IWL and its subsidiaries Pinnacle Asset Management ...

QSuper expands investment options for members

The $14 billion QSuper fund will be offering more than 420,000 of its members, eight investment options. Members can now choose to invest in fixed interest, Australian shares, international shares and socially responsible investment alternatives. QSuper ...

Discount Managed Funds crack the $1 million mark

Discount Managed Funds (DMF), the 'do it yourself' online investment intermediary, has had in excess of $1 million of funds invested in the service since its inception in December 2004. In another milestone achievement, the DMF website has received ...