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Investment

BetaShares introduces gold ETF

MATT WOODINGTON  |  THURSDAY, 5 MAY 2011
ETF provider BetaShares Capital has launched a hedged gold bullion product on the ASX, which aims to protect investors from fluctuations on the Australian and US dollar exchange rate.

AMP reports subdued Q1 cashflows

MATT WOODINGTON  |  THURSDAY, 5 MAY 2011
AMP Financial Services (AFS) registered a significant fall in net cashflows for the first quarter of 2011 although AMP's retail superannuation and pension business fared well.

New index tracks second-tier emerging markets

ALISON BEVEGE  |  THURSDAY, 5 MAY 2011
S&P Indices has launched a new index covering second-tier emerging markets Columbia, Indonesia, Vietnam, Egypt, Turkey and South Africa.

Instos move into ETFs as sector surges

ALISON BEVEGE  |  THURSDAY, 5 MAY 2011
Investors have continued to surge into exchange traded products with ETFs increasing in number and in total market capitalisation over the past year, the Australian Stock Exchange (ASX) said yesterday, with institutional investors moving in.

Ex UBS managers resurface for Bennelong small caps fund

MATT WOODINGTON  |  WEDNESDAY, 4 MAY 2011
Bennelong Funds Management has joined forces with former UBS portfolio managers John Campbell and Jeremy Bendeich to launch an Australian small caps fund.

BT Group profits rise $29 million

ALISON BEVEGE  |  WEDNESDAY, 4 MAY 2011
BT Financial Group's profits rose by 14 per cent to $243 million in the six months to March - a stellar result driven by an improvement in the funds management business, Westpac Group said today.

Neilson loosens reins at Platinum

ALISON BEVEGE  |  WEDNESDAY, 4 MAY 2011
Platinum International has restructured with founder Kerr Neilson loosening the reins to let team members Jacob Mitchell and Andrew Clifford lend a hand in managing the flagship global equity fund.

Mason Stevens releases global equity managed account

ELISE BURGESS  |  WEDNESDAY, 4 MAY 2011
Managed accounts provider, Mason Stevens, has released its first global equities portfolio after partnering up with Caledonia (Private) Investments.

Future Fund dabbles in India

ALISON BEVEGE  |  TUESDAY, 3 MAY 2011
Australia's Future Fund has awarded a new mandate to US-based venture capital firm Bessemer Venture Partners.

ANZ plots wealth division growth

MATT WOODINGTON  |  TUESDAY, 3 MAY 2011
ANZ Banking Group expects growth rates in its Australian wealth management division to improve after posting a $41 million fall in net profit after tax for the half year ended March 31 2011.