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Investment

GFC hangover hits Perpetual profit

ALISON BEVEGE  |  WEDNESDAY, 23 FEB 2011
A goodwill write-down from a pre-GFC purchase helped drag down wealth manager Perpetual's first-half profits by 29 per cent year-on-year to $35 million for the six months to December.

AE large cap lagging index: Morningstar

ALISON BEVEGE  |  WEDNESDAY, 23 FEB 2011
Large-cap Australian share fund managers had a difficult 2010 with most failing to beat even very modest index returns, Morningstar announced in its latest sector wrap.

Deutsche bourse and NYSE to merge

ALEX DUNNIN  |  WEDNESDAY, 23 FEB 2011
The SGX-ASX takeover may be engulfed in controversy but that hasn't stopped the merger between the Deutsche Börse AG exchange and the New York Stock Exchange.

BlackRock iShares breaks $1bn barrier

ALEX DUNNIN  |  WEDNESDAY, 23 FEB 2011
Record inflows into exchange traded funds continue with BlackRock's ETF division, iShares, reaching the $1 billion milestone.

Bennelong shuts global equities fund

MATT WOODINGTON  |  TUESDAY, 22 FEB 2011
Bennelong Funds Management is liquidating one of its funds after the underlying manager, Security Global Investors (SGI), closed its global equities office following a business review by its parent company.

AUI signs up fixed income veteran

MATT WOODINGTON  |  MONDAY, 21 FEB 2011
Australian Unity Investments (AUI) has created a new fixed income team through a joint venture with experienced fund manager Bill Bovingdon.

US dollar fund taps retail ETF potential

ALISON BEVEGE  |  MONDAY, 21 FEB 2011
BetaShares Capital said consumer demand for a simple way to trade currencies is behind the rapid growth of its newly listed US dollar exchange traded fund.

Challenger boutiques and annuities enjoy strong half year

ELISE BURGESS  |  MONDAY, 21 FEB 2011
Challenger has upgraded its growth targets for its funds management and life sales business after posting record returns this morning.

BNP enjoys wealth lift

MATT WOODINGTON  |  FRIDAY, 18 FEB 2011
BNP Paribas' Wealth and Asset Management division reported an 8.4 per cent increase in revenues for the December quarter.

Asian funds invest more in Taiwan

MATT WOODINGTON  |  FRIDAY, 18 FEB 2011
Fund managers in Asia are predicting big things for Taiwan as improving relations with China look set to open the door to a wealth of investment opportunities.