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Financial Planning

Super funds team up to promote member education

REST, STA and Sunsuper, three of Australia's largest industry funds, have come together to launch an education campaign, dubbed Education Key, aimed at helping members of the funds make appropriate financial decisions.

JF ACQUA raises $10 million in seed funding

Since its launch in early November JF ACQUA has secured $10 million in seed funding for its new income funds.

MLC's bid to master the 30-something market

MLC has launched Masterkey's next evolution with the 30 something demographics a key part of its target market. The launch has also signalled a reduction in fees for both new and existing MLC clients.

ING reduces wholesale fees

ING has dropped ongoing fees for its Mortgage Trust No 2 and Wholesale Fixed Interest Securities Trust effective 19 November 2004.

AMP's pre-Christmas product closures

While the accounts have already been closed the funds for each 12 options will now be transferred into six active investment options.

The active management game is hard to play

State Street Global Advisors (SsgA) research survey on manager persistency has concluded that although the majority of active managers have beaten the 'performance threshold' the trend is not consistent over time.

Four stars to Merrill Lynch's monthly income fund: ASSIRT

Following the strong demand in income funds ASSIRT has taken a forward looking view in awarding Merrill Lynch's income fund a four star rating.

Navigator set to crack $11 billion

Inflows into Australian equities were above $60 million for this year compared with outflows from the platform of $7.4 million in 2003.

MFS Groups to merge and list as a new fund management and investment group

MFS Leveraged Investment Group (MLIG) and MFS Group Limited will together merge and list on the ASX as a newly created listed funds management and investment group.

JBWere's global funds receive rating affirmation

Standard & Poor's has affirmed its rating on JBWere's global funds. JBWere's international and hedged international fund has sustained it's A rating and JBWere's global small companies and hedged global small companies fund has kept it's AA rating.