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General

Australians shifting investments to bank accounts: survey

Australians have deposited $76 billion into bank accounts during the last year, dwarfing the $47 billion they have pumped into investment vehicles, according to research by Rainmaker Information

Portfolio Partners gets three stars for Long/Short fund

Morningstar has given a three star rating to Portfolio Partners’ Long/Short Australian equities Professional Selection High Growth Shares Trust (HGS), praising its above-benchmark performance but also highlighting its relatively high exposure to derivatives ...

BT loses $1.29 billion of retail funds in December quarter:survey

BT/Westpac saw $1.29 billion of retail funds leave its management in the December quarter while the sector as a whole increased by 2.4 per cent, according to the latest research by Plan For Life.

Midday market wrap: Coles Myer gains $0.44 on profit increase

Coles Myer gained $0.44 from Friday’s close as it announced a net after tax profit of $217.90 million for the half year ended January 26, but the All Ordinaries index as a whole appeared to be taking its cue from the downward trend emerging late on ...

Midday market wrap: Coles Myer gains $0.44 on profit increase

Coles Myer gained $0.44 from Friday’s close as it announced a net after tax profit of $217.90 million for the half year ended January 26, but the All Ordinaries index as a whole appeared to be taking its cue from the downward trend emerging late on ...

Indexed funds dumped as investors seek to beat benchmark: survey

Falling equity markets have taken their toll on indexed funds, with total funds under management (FUM) dropping by 12 per cent during the December quarter, according to Rainmaker Information’s latest survey of Australian investment market.

Interest rate should remain unchanged despite pressures: ICAP

The fall in economic growth from 3.75 per cent in 2002 to 2.75% this year does not call for a major change in Reserve Bank of Australia (RBA) policy as regards interest rates, according to Ric Simes, chief economist at global intermediary brokers ICAP.

Another adviser pleads guilty to ASIC charges

Former South Australia financial adviser David Mudge has pleaded guilty to a charge of dishonestly coaxing an elderly client to transfer money into his account or those held by his own company, the Australian Securities and Investments Commission (ASIC) ...

Garrisons Accounting reports half year loss of $3.9 million

The Garrison Accounting Group today announced a $4 million write down of its business to record a half year loss of $3.9 million, due to the “mixed” performance five accounting practices.

ASIC obtains permanent orders against investment directors

The Australian Securities and Investments Commission (ASIC) has obtained permanent orders in the Supreme Court of Queensland against Kevin and Kathleen Young and the four companies of which they were directors – The Investors Club, Lisson Pty Ltd ...