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Financial Planning

Steady growth for managed investments market: Rainmaker

Rainmaker Information has released its March 2004 quarterly roundup highlighting a fourth consecutive quarter of positive investment flows into the Australian sourced managed investment market.

Pooled funds running hot: Mercer

The median return for all Australian pooled funds was 1.6% in May, which boosted the eleven-month median to 11.7 %, its highest level since 1997, according to the latest Mercer Investment Consulting survey.

May not a merry month: Investors Mutual

Investors Mutual released the monthly performance update of its Australian share, Future leaders and Industrial share funds revealing only the Future leaders fund performing ahead of benchmark in May.

FirstChoice goes wholesale

Colonial First State (CFS) has launched its FirstChoice platform into the wholesale space in a strategic move aimed to capitalise on the success of the retail model.

State Super to offer member investment choice

Australia's largest superannuation fund, State Super (NSW), the $23.1 billion government superannuation fund which is closed to new members, is now offering Member Investment Choice (MIC).

Retail investment funds bounce back: Rainmaker

The Australian sourced investment management market hit $864 billion to the end March 2004, up 2.5% for the quarter and 18% for the year, Rainmaker Information data revealed in the March quarter 2004 roundup released today.

Ethical investments booming: Rainmaker

The March quarter 2004 Rainmaker Information Roundup revealed ethical and socially responsible investment funds have cracked the $3 billion mark for the first time, up 38% for the year.

AAS preferred bidder for Challenger corporate super admin

Diversified financial services company Challenger Financial Services Group on Tuesday announced it had selected Australian Administration Services (ASS) as the preferred bidder for its corporate superannuation administration business, Challenger Superannuation ...

Macquarie setting up US infrastructure fund

AAP  |  WEDNESDAY, 9 JUN 2004
Macquarie Bank plans to set up its first open-ended United States-listed infrastructure fund, with $US340 million ($A482 million) in investments already lined up.

ATO to review deductions for commercial property: report

AAP  |  WEDNESDAY, 9 JUN 2004
Investors in listed property trusts could reportedly be hit by changes to the tax deductions allowed for shopping centres, office towers, hotels and industrial facilities.