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Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
Financial System Inquiry (FSI) chairman David Murray spoke at the National Press Club following the release of the FSI interim report. "Thank you to the National Press Club for the interest you have shown in today's release of the interim report of ...

GPS Wealth approves DomaCom fractional property fund

STAFF WRITER  |  TUESDAY, 15 JUL 2014
Queensland-based dealer group GPS Wealth (GPS) has approved the DomaCom fractional property fund. This latest approval means that nearly 400 advisers now have the DomaCom fund on their approved product list (APL). Commenting on the approval, GPS Wealth ...

Alphinity fund gets rating upgrade from Zenith

ALICE URIBE  |  TUESDAY, 15 JUL 2014
The Alphinity Australian Share Fund (ASF) has received a 'Highly Recommended' rating from Zenith Investment Partners. The ASF is Alphinity's flagship fund. Its process seeks to identify companies who are more likely to experience a short-term earnings ...

Global body calls for Asia Funds Passport rethink

MARK SMITH  |  MONDAY, 14 JUL 2014
The Asia Funds Passport initiative has received public support from ICI Global but the global investment industry body said the model needed to be rethought to improve its chances of long-term success. ICI Global, the international arm of US body the ...

Platinum and Iress named 'laggards' on sustainability

JAMES FERNYHOUGH  |  MONDAY, 14 JUL 2014
Platinum Asset Management Limited and Iress Limited are among just four ASX 200 companies that have failed to report on sustainability risk for the last four years, according to a study by the Australian Council of Superannuation Investors (ACSI). ACSI ...

CBA unveils tougher adviser standards

LAURA MILLAN  |  MONDAY, 14 JUL 2014
In the wake of the Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC), the Commonwealth Bank (CBA) will lift the minimum education standards for its financial advisers and demand that they belong to a ...

Super funds have clout to demand transparency

JAMES FERNYHOUGH  |  FRIDAY, 11 JUL 2014
Super funds should not be shy of demanding full holdings disclosure from alternatives managers in order to meet reporting standards, HOSTPLUS chief investment officer Sam Sicilia has said. Sicilia said that if the managers refuse to provide the information ...

Canadian pension fund buys AMP NZ property portfolio

JAMES FERNYHOUGH  |  THURSDAY, 10 JUL 2014
One of Canada's largest pension investors, the Public Sector Pension Investment Board, has bought a complete portfolio of New Zealand properties managed by AMP Capital worth NZ$1 billion. AMP Capital said the sale would allow investors, which include ...

AllianceBernstein adds Global High Income Fund

HARRY PAGE  |  THURSDAY, 10 JUL 2014
The AllianceBernstein Global High Income Fund (GHI) has been added to the netwealth platform. GHI, which has 16 year track record in offshore markets, uses a global, multi-sector approach which aims to capitalise on investment opportunities, portfolio ...

Alternatives managers must be more transparent

JAMES FERNYHOUGH  |  WEDNESDAY, 9 JUL 2014
Alternatives managers will need to be more transparent with their super fund investors in order to help them meet regulatory reporting requirements, according to BNP Paribas. Madhu Gayer, head of investment reporting and performance for Asia-Pacific ...