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Investment

Franklin Templeton acquires Balanced Equity, plans new fund

MATT WOODINGTON  |  TUESDAY, 21 JUN 2011
Franklin Templeton Investments has agreed to acquire Australian equities manager Balanced Equity Management and plans to launch a new fund available to retail and institutional investors.

Deposits may shield Aussie banks from Greek debt crisis fallout

ALISON BEVEGE  |  TUESDAY, 21 JUN 2011
The Greek debt crisis is increasing the cost of funding for Australia's Big Four banks, but credit market experts say rising deposit rates are counteracting the threat.

Korea and Taiwan may move to developed status

ALISON BEVEGE  |  TUESDAY, 21 JUN 2011
Fund managers may need to re-balance their investment weightings after tomorrow when global index provider MSCI announces whether it will upgrade South Korea and Taiwan from emerging market to developed market status.

PIF Action Group lands Federal Court win

ELISE BURGESS  |  TUESDAY, 21 JUN 2011
The Federal Court has sided with the Premium Income Fund Action Group (PIFAG) against Brisbane-based Wellington Capital Limited, finding Wellington breached corporations law in its role as management and trustee for the Premium Income Fund.

Demand rises for Aussie bonds and cash: AMP

ALISON BEVEGE  |  TUESDAY, 21 JUN 2011
The flight to safety has returned with fixed income increasing in popularity and mandates flowing to diversified fixed interest, AMP capital said today.

HFA's Lighthouse wins $500m mandate

ELISE BURGESS  |  TUESDAY, 21 JUN 2011
HFA Holdings wholly-owned US subsidiary, Lighthouse Investment Partners, has been awarded a $500 million asset management and advice mandate, positioning the firm to further advance in the global pension fund space.

Advance Asian equity fund on hold as personnel changes

MATT WOODINGTON  |  MONDAY, 20 JUN 2011
Standard & Poor's Fund Services has put the Advance Asian Equity Wholesale Fund 'on hold' after a spate of departures from its manager, Lion Global Investors (LGI).

UBS adds gas to global infra fund

MATT WOODINGTON  |  FRIDAY, 17 JUN 2011
UBS Global Asset Management has added to its infrastructure and private equity portfolio with the acquisition of a Norwegian gas company.

Australian Unity possible merger

ELISE BURGESS  |  FRIDAY, 17 JUN 2011
Australian Unity and Big Sky Credit Union are exploring a merger option that would potentially create a 310,000 member strong union.

S&P looks to Africa as investment grows

MATT WOODINGTON  |  THURSDAY, 16 JUN 2011
S&P Indices has launched a new index to cater for a growing appetite to invest in Africa, coinciding with bullish earnings growth forecasts for the continent.