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Investment

Bottoms up

JOHN MCDULING  |  FRIDAY, 22 OCT 2010
Investors who view the world in macro terms often intuitively base their approach on a country's economic fundamentals. But new research suggests economic fundamentals may have little bearing on the performance of a country's stockmarket.

Snowball raises $18m through share placement

ELISE BURGESS  |  THURSDAY, 21 OCT 2010
ASX-listed company Snowball Group has raised $18 million through the placement of new ordinary shares at 38c per share in two tranches along with the launching of a share purchase plan.

Mixed results for US industry giants

JOHN MCDULING  |  THURSDAY, 21 OCT 2010
Despite strong results on face value, US investors were largely unimpressed with the third quarter earnings reported by some of the industry's leading lights overnight.

Lower tax rate opens local property to foreign investors

ELISE BURGESS  |  THURSDAY, 21 OCT 2010
CB Richard Ellis (CBRE ) and Echo Capital are targeting foreign investors with new property products in Australia after the May budget revised the national withholding tax rate to a more favourable 7.5 per cent.

CFS GAM makes a case for raising govt debt

JOHN MCDULING  |  THURSDAY, 21 OCT 2010
A leading strategist at one of Australia's largest investment managers argues the case for more government debt in Australia, and says that super funds could play a key role in absorbing higher bond issuance.

Future Fund offloads Telstra shares

MEDIA RELEASE  |  WEDNESDAY, 20 OCT 2010
The $67 billion-plus Future Fund has sold 113.6 million Telstra shares - bringing its holding in the telecom giant down from 10.9 to 10 per cent.

State Street lifted by passive strategies, ETFs

JOHN MCDULING  |  WEDNESDAY, 20 OCT 2010
State Street, one of the true global investment management giants, reported third quarter results overnight, with the Boston-based company growing profits compared to both the previous quarter and last year.

Rising tide lifts hedge funds in September

JOHN MCDULING  |  WEDNESDAY, 20 OCT 2010
Despite failing to match the performance of benchmark indices in September, Australian and international hedge funds are out in front, year to date, and on a rolling 12-month basis, new figures show.

Demystifying the "flash crash"

JOHN MCDULING  |  WEDNESDAY, 20 OCT 2010
A new theory argues that a large single trade in futures markets did not cause the "flash crash" of May 6 where US equity markets dramatically declined and recovered in a matter of minutes.

Signposts to high yield

ELISE BURGESS  |  WEDNESDAY, 20 OCT 2010
Russell Australia High Dividend Index's top ten holdings was dominated by financial stocks but property trusts are emerging as attractive high-yield stocks.