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Financial Planning

Macquarie joins property trust consolidation

AAP  |  THURSDAY, 29 JUL 2004
The Macquarie Bank-managed Macquarie Office Trust has accelerated its drive into the US market with an $850 million bid to acquire Principal America Office Trust.

Investa raises equivalent of $US225 mln in US market

AAP  |  THURSDAY, 29 JUL 2004
Australia\'s largest office property fund, Investa Property Group, said it has raised the equivalent of $US225 million ($A325 million) via the US private placement market.

Retail super versus industry fund, take your pick; InTech

InTech Financial Services on Tuesday released the first results of a new quarterly survey attempting to compare performance results across the range of superannuation funds revealing mixed results over a short and long-term period.

ASX expects momentum to continue into FY05 after record FY04

The Australian Stock Exchange today delivered a record net profit for 2003/04, driven by new listings and strong trading volumes, with the robust momentum expected to continue this financial year.

ASX ceo says local market will cope without News Corp

Australian Stock Exchange chief executive Richard Humphry today said he believed the local market was strong enough to cope with the possible loss of News Corp.

S&P begins consultation on management of News index move

AAP  |  WEDNESDAY, 28 JUL 2004
Equity index provider Standard & Poor\'s on Tuesday reassured anxious investors any change in News Corp listing on key Australian stock indices will occur proportionally.

Alternative commission payments banned for all members; IFSA, FPA

Following six months of consultation, the Financial Planning Association (FPA) and the Investment & Financial Services Association (IFSA) today announced they had banned all members from accepting or promoting several previously accepted forms of alternative ...

Boutiques rewarded for good performance; Rainmaker

Boutique fund managers are gaining an increasing share of Australian equity funds under management and could soon command almost half the Australian equity investment market, Rainmaker Information said.

Investment in offshore LPTs set to jump; Franklin Templeton

Australian investment in offshore listed property trusts is set to increase, driven by a looming shortage of local stock and a rapidly increasing pool of superannuation, Franklin Templeton Institutional said in a report released on Monday.

NAB picks up corporate and institutional clients -analyst report

AAP  |  TUESDAY, 27 JUL 2004
National Australia Bank appears to have staunched the bleeding in its corporate and institutional divisions harmed by the $360 million foreign exchange scandal and is starting to pick up new customers.