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Financial Planning

AMP Capital's New Year property shopping spree

AMP Capital Investors' Property Income Fund has acquired three additional properties increasing the fund's gross assets under management to $585 million.

Superannuation assets close in on $650 billion

The latest edition of the Australian Prudential Regulatory Authority's Superannuation Trends for the September quarter of 2004 has shown superannuation assets total $648.9 billion at the end of the quarter after a 2.8 per cent rise during the period.

Super returns for INVESCO

INVESCO's core/style neutral strategy seems to have paid off with its Wholesale Diversified Growth PST fund exceeding its benchmark by 3.9 per cent and its Wholesale Australian Share fund delivering a return of 33.4 per cent.

FPA to rubber stamp education providers

The Financial Planning Association (FPA) will, from this month, accredit the entry-level courses of Registered Training Organisations (RTO) as meeting education standards it considers acceptable for its members.

Alternative investments to increase in 2005 while listed property out of favour

More than 68 per cent of Australian investment managers predict an increase in alternative investments and 30 per cent expect weaker returns for listed property securities according to the latest Mercer forecasting survey.

Licensing relief for securitisation special purpose vehicles

ASIC has granted securitisation special purpose companies and trustees dealing in and providing custodial services for financial products, an exemption from having to obtain an Australian Financial Services Licence (AFSL).

Colonial's hedge fund heads towards the retail sector

Since its inception three years ago, Colonial First State's wholesale global diversified strategies fund has achieved an 8.99 per cent return with Colonial's head of hedge funds, David Bell expecting interest in the retail market to increase.

Superannuation growth funds deliver highest returns since 1995

Growth oriented superannuation funds have delivered their strongest returns since 1995.

Four star rating to Centro's direct property fund

ASSIRT Research has given Centro Direct Property Fund a four star rating. Since its inception in 2002, the $334.5 million direct property fund has achieved a 15.9 per cent return to December 2004 placing the fund in the first quartile of its peer group.

Deutsche hit over international equities departure

Funds management research house, Assirt Research, has placed its rating of Deutsche Asset Management (DeAM) international equities team on hold, after the departure of joint portfolio manager Stephen Barrow.