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Investment

Industry bodies unite to create Korea forum

MEDIA RELEASE  |  THURSDAY, 20 JAN 2011
The Financial Services Council has teamed up with the Australian Financial Markets Associations and Korean Financial Investment Association to establish a Korea-Australia investment forum.

Developed nations raise funds for ADB

RUTH LIEW  |  THURSDAY, 20 JAN 2011
Governments of developed countries are pouring millions of dollars into development funds to help strengthen the financial systems of developing countries in Asia.

Tax reforms bolster local funds management

MEDIA RELEASES  |  THURSDAY, 20 JAN 2011
Fund managers praise the Government's move to align Australia's tax treatment of investment income of foreign funds alongside international practices.

New ETF player targets niche assets

RUTH LIEW  |  WEDNESDAY, 19 JAN 2011
A month after BetaShares introduced its first two exchange traded funds on the ASX, the firm is looking to carve a name for itself in the specialist ETFs market with the launch of more products this year, including a currency ETF.

US manager charged with fraud

RUTH LIEW  |  WEDNESDAY, 19 JAN 2011
The US corporate watchdog has cracked down on a Long Island-based money manager for engaging in a fraudulent investment program, which cost investors $8 million in illicit commissions and fees.

MLC cuts two mandates in new strategy

ELISE BURGESS  |  WEDNESDAY, 19 JAN 2011
MLC Investment Management (MLC IM) ends mandates with Lazard Asset Management and Contango Asset Management as part of its new Australian shares strategy.

Aust Unity boutiques cautious on year ahead

COMPANY RELEASE  |  WEDNESDAY, 19 JAN 2011
Despite seeing a relatively positive year ahead, chief investment officers of two Australian Unity Investments boutiques remain cautious, believing that managing risk is the key for equity investors in 2011.

Asian Giants lands in China

JOHN MCDULING  |  WEDNESDAY, 19 JAN 2011
AMP Capital's Asian Giants Infrastructure Fund has acquired its first asset in China, buying a 19 per cent stake in provincial natural gas provider Qujing Gas, for an initial investment of US$2 million.

Fidelity closes property fund

STANDARD & POOR'S RELEASE  |  TUESDAY, 18 JAN 2011
FIL Investment Management is terminating its Fidelity Global Property Securities fund, prompting Standard & Poor's Fund Services to withdraw its rating on the strategy.

Continuum returns 12.4pc

JOHN MCDULING  |  TUESDAY, 18 JAN 2011
Active Australian share managers had a poor year, underperforming the ASX300 by an average 0.6 per cent, but there were still some shining lights in 2010, a new survey by Mercer has found.