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Financial Planning

Grange expands into asset management launching new fund

Grange Securities new business division Grange Asset Management has launched a new fixed interest fund for wholesale investors, which will focus on active management in the fixed interest sector.

Action against illegal investment schemes on the rise

The Australian Securities and Investments Commission (ASIC) has revealed the past financial year has witnessed a 25 per cent increase in actions to shut down illegitimate investment schemes.

S&P rates St.George's second global RMBS

Standard & Poor's (S&P) has issued preliminary ratings to St.George Bank's second lot of Australian residential mortgage-backed securities (RMBS) to be issued globally this year.

Vanguard warns investors to consider tax and fees on investments

AAP  |  TUESDAY, 30 AUG 2005
The global chairman of index fund manager Vanguard Group has warned retail investors to consider investments after tax and fees, saying some absolute return products are inappropriate for retail investors.

US Clean Tech opportunities opened to local market

Macquarie Funds Management will provide local institutional investors access to its new private equity vehicle - a clean technology fund with a predominant focus on North America.

Property developer owing over $14M to investors appears in court

The Australian Securities and Investments Commission (ASIC) has brought 20 charges of breaching the Corporations Act against John Sage in the Melbourne Magistrates Court.

Ambassador launches US REIT manager into Australia

Ambassador Funds Management will provide local investors with access to Cohen & Steers, the largest manager of Real Estate Investment Trusts (REITs) in the United States.

Bravura expands into Asia

Financial Software business Bravura Solutions has expanded its Asian operations establishing new offices in Hong Kong and Bangalore.

Suggestions grow on how to improve under 40s savings

Submissions to the Senate Standing Committee on Economics Finance and Public Administration regarding the savings of consumers under 40 continue with additional recommendations revolving around increased tax breaks and government rebates.

PremiumChoice reaches a $500 million milestone

Investment platform PremiumChoice Portfolio Services (PremiumChoice) has secured over $500 million in funds under administration.