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Investment

S&P Capital IQ closes local fund research, wealth services

MELANIE TIMBRELL  |  THURSDAY, 16 FEB 2012
S&P Capital IQ has announced it will focus on institutional clients and no longer conduct local funds research and wealth management services from October this year.

Orchard changes name to re-brand

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
Property funds manager Orchard Capital Investment has changed its name to Arena Investment Management.

Westpac posts $1.4 billion profit to December 31

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
Westpac made quarterly cash earnings of around $1.5 billion to the end of December, with after tax profits of $1.4 billion for the same period.

CBA profits up 19%, wealth mgmt struggles

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
The CBA has recorded a statutory net profit after tax for the half year ended Dec 31 2011 of $3.624 billion, a 19% increase on the previous corresponding period, in a strong result unaided by its wealth management arm which recorded a loss.

Market provides opportunities for absolute return investment

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
Super funds and retail investors should consider adopting a risk based approach to portfolio construction and move away from traditional asset allocation, according to one global fund manager, to protect their investments against volatile markets.

Margin lending suffers from adviser misconception

ELISE BURGESS  |  TUESDAY, 14 FEB 2012
Investment Trends December 2011 Margin Lending Financial Planner Report has revealed 83% of respondents named market conditions as the biggest barrier to margin lending among financial planners.

IFM wins legalsuper Aus equities mandate

CLAIRE MCGREAL  |  TUESDAY, 14 FEB 2012
Industry Funds Management has been given a $20 million Australian equities mandate from legalsuper.

Smart investors buy productive assets: Buffett

ALEX DUNNIN  |  TUESDAY, 14 FEB 2012
Celebrity investor Warren Buffett has reminded investors that they and their clients only make money if they buy assets that go up in value and avoid assets that don't.

BetaShares ETFs receive A rating

CLAIRE MCGREAL  |  MONDAY, 13 FEB 2012
Specialist ETF provider BetaShares has been given an "A" rating for six of its ETFs by van Eyk.

Countplus subsidiary readies for acquisition

ELISE BURGESS  |  MONDAY, 13 FEB 2012
Countplus Limited subsidiary, Kidmans PEC, is set to acquire property and accounting group Pacific East Coast with an initial purchase consideration of $3.28 million.