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Investment

Precious metals ETCs in vogue

COMPANY RELEASE  |  FRIDAY, 1 MAY 2009
Investors wary of equity market volatility are flocking to precious metals exchange traded commodities - a sector that has seen substantial inflows following the GFC, said ETF Securities.

Clarion call for bargain global property

MICHAEL HOBBS  |  THURSDAY, 30 APR 2009
Global listed property securities have fallen too far with the US presenting some solid investment opportunities, according to ING Clarion Real Estate Securities.

More boutiques on BTIM's radar

RUTH LIEW  |  THURSDAY, 30 APR 2009
With $37 million in free cash burning a hole in its pocket and a solid $30 billion in funds under management in the half year to March, BT Investment Management looks well placed to add more to its boutique line-up.

OneAnswer FUM fall 20 pc

MICHAEL HOBBS  |  WEDNESDAY, 29 APR 2009
ING Australia's flagship OneAnswer platform funds under management (FUM) fell by 20 per cent or around $3.7 billion to $14.2 billion over a six month period to March, according to ANZ's half year profit report.

Mercer adds boutique, adds staff

MICHAEL HOBBS  |  WEDNESDAY, 29 APR 2009
Mercer is building five research boutiques within the firm's investment consulting business and plans to more than double staff in real estate and alternatives.

Bond funds top UK platform flows

MICHAEL HOBBS  |  WEDNESDAY, 29 APR 2009
Half the transactions through one of the largest platforms in the UK, Cofunds, flowed into corporate bond funds during this year's first quarter, according to the firm's latest report.

Passive managers win insto favour

RUTH LIEW  |  WEDNESDAY, 29 APR 2009
State Street Global Advisors is experiencing an influx of passive style investment mandates as Aussie instos continue favouring passive managers.

BNY Mellon wins CBA mandate

COMPANY RELEASE  |  WEDNESDAY, 29 APR 2009
The Bank of New York Mellon has been selected by Commonwealth Bank of Australia as the depositary bank for its American Depositary Receipt program.

MLC takes earnings hit

MICHELLE BALTAZAR  |  TUESDAY, 28 APR 2009
NAB-owned wealth management arm MLC reduced its workforce by 5.4 per cent in the six months to March as bad markets and lower management fees took their toll on half-year earnings.

Select exits third party distribution

RUTH LIEW  |  TUESDAY, 28 APR 2009
Select Asset Management is exiting the retail third party distribution market and will now be focusing on manufacturing multi-asset class, multi-manager portfolios for its clients, says the firm's new chief executive, Andrew Fairweather.