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Market wrap - midday

AAP  |  WEDNESDAY, 27 JUN 2007
The Australian stock market was stuck in a rut for the third successive day this week, with falls on Wall St and weaker commodity prices again to blame. At 1200 AEST, the benchmark S&P/ASX200 Index was down 44.9 points at 6,263.7, while the all ordinaries ...

Credit Suisse puts twist on hedge indexing

Credit Suisse has launched a new indexed leveraged hedge fund, with a unique daily liquidity feature and exposure to multiple hedge fund strategies and managers. The Credit Suisse/Tremont Index Strategies Fund, which opened two weeks ago, provides retail ...

Bank on high quality: ipac

... investment officer Jeff Rogers. He explained that if you go back to the bear market of 2002, some low quality companies were close to bankruptcy. But the government reduced the cost of running businesses by lowering interest rates which allowed these ...

Market wrap - morning

AAP  |  WEDNESDAY, 27 JUN 2007
The Australian stock market is expected to fall again this morning, after all the major overseas markets suffered losses, and commodities prices lost ground. At 0653 AEST on the Sydney Futures Exchange, the September share price index was down 38 points ...

Market wrap - midday

AAP  |  TUESDAY, 26 JUN 2007
The Australian stock market has opened slightly higher with stronger commodity prices overnight overshadowing a sluggish performance on Wall Street. At 1015 AEST, the bluechip S&P/ASX200 Index was 15.9 points higher at 6,345.7, while the all ordinaries ...

ATO launches SMSF info service

ALEX DUNNIN  |  TUESDAY, 26 JUN 2007
The BetterSuper inspired push for self-managed super funds (SMSF) has prompted the Australian Taxation Office (ATO) to launch a regular newsletter service to alert trustees about upcoming management and legislation issues that will affect them. "We ...

Market wrap - morning

AAP  |  TUESDAY, 26 JUN 2007
The Australian stock market is expected to open flat this morning, again softened by falls on Wall St. At 0741 AEST on the Sydney Futures Exchange, the September share price index was up three points at 6,370. In economic news the Housing Industry Association ...

Govt push for reforms in $221.4b legacy products sector

... product rationalisation has been undertaken and changes to the Corporations Act that will allow financial product providers to close a product or part of the product and move their clients to the non-legacy version of the same product. Michelle Balta ...

Market wrap - morning

AAP  |  MONDAY, 25 JUN 2007
... Billiton was not enough to stop the bourse going backwards. The Australian market bucked an upward lead from Wall Street to close lower as falls in many base metals prices took their toll on the mining sector. The bluechip S&P/ASX200 index was down 4.4 ...

Aussies in ever greater debt: MLC

CHRIS NICHOLLS  |  THURSDAY, 21 JUN 2007
... got just a bit carried away, and debt levels have gone just a bit crazy." Parker warned that the listed property boom was close to a bubble in Perth, and that "Perth property cannot be valued at Melbourne prices." "Sleep at night investments can't do ...