Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Investment

Aust foreign finance subsidiaries worth $71b

ALEX DUNNIN  |  MONDAY, 4 JUL 2011
Foreign subsidiaries of Australian wealth groups are worth $71 billion and employ 76,000 staff, revealed a new ABS finance sector survey.

CFSGAM sees ESG improve returns

MATT WOODINGTON  |  FRIDAY, 1 JUL 2011
Considering environmental, social and governance (ESG) issues really does improve investment returns, according to Colonial First State Global Asset Management (CFSGAM), justifying recent moves by super funds to appoint specialists in the field.

UBS undecided on OptiMix future

MATT WOODINGTON  |  FRIDAY, 1 JUL 2011
UBS Asset Management will work closely with ANZ on positioning the ING Investment Management business that it agreed to acquire yesterday with no decisions yet made on where valuable assets such as OptiMix will end up.

New index rates sovereign debt issuers

BLACKROCK RELEASE  |  FRIDAY, 1 JUL 2011
BlackRock has launched a new index to help fund managers assess credit risk for governments that issue sovereign debt.

Strong cash flow doubles Countplus dividend

ALISON BEVEGE  |  FRIDAY, 1 JUL 2011
Strong cash flow at growing financial services group Countplus has underpinned a maiden dividend which is double that of forecasts, it announced to the stock exchange today.

ING IM deal sees UBS climb the ranks

MATT WOODINGTON  |  THURSDAY, 30 JUN 2011
UBS Asset Management has agreed to acquire ING Investment Management, in a deal that catapults the Swiss firm to the ninth biggest fund manager in Australia.

Bank stocks rise on Greek confidence

ALISON BEVEGE  |  THURSDAY, 30 JUN 2011
Share markets rallied today as the Greek parliament passed the first of two austerity packages while violent protests continued against the deeply unpopular reforms.

AllianceBernstein bullish on molecular medicine

MATT WOODINGTON  |  THURSDAY, 30 JUN 2011
AllianceBernstein predicts molecular medicine will rival the emergence of digital information as a disruptive force and has allocated 10% of its thematic portfolios to associated companies such as DNA sequencing and molecular diagnostics firms.

Former UBS star team launches flagship Bennelong Avoca fund

ALISON BEVEGE  |  THURSDAY, 30 JUN 2011
Boutique firm Avoca Investment Management, headed by former UBS star portfolio managers John Campbell and Jeremy Bendeich, today launched its cornerstone equities fund.

SimpleWRAP launches $1500 platform pricing

ELISE BURGESS  |  THURSDAY, 30 JUN 2011
New platform provider, simpleWRAP, will charge just $1500 per annum in its newly-launched full service administration wrap, regardless of account balances, in a bid to appeal to large super funds and smaller investors.