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Investment

Zurich fund awarded S&P 'five stars'

MICHAEL HOBBS  |  WEDNESDAY, 1 OCT 2008
Zurich Investments Equity Income Fund attained the highest Standard & Poor's rating of 'five stars'.

Bill failed, what next?

MICHELLE BALTAZAR  |  TUESDAY, 30 SEP 2008
The Australian stockmarket lost $45 billion by noon after the US Congress rejected the proposed bail-out package, but local investment experts argue that we are nowhere close a doomsday scenario, in fact quite the contrary.

Japan bank buys $11bn of Morgan Stanley

MICHAEL HOBBS  |  TUESDAY, 30 SEP 2008
Mitsubishi UFJ Financial Group (MUFG) bought more than $11 billion in Morgan Stanley equity for a 21 per cent interest in the company, a deal that forms an alliance between the two firms to pursue corporate and investment banking opportunities.

Aviva Investors forms $488bn FM

RUTH LIEW  |  TUESDAY, 30 SEP 2008
Aviva yesterday launched its newly integrated global asset management business Aviva Investors - a $488 billion investment powerhouse with 10 companies rolled under one brand.

Fortis bank $19.5bn bail-out 'stabilises' FIA

MICHELLE BALTAZAR  |  MONDAY, 29 SEP 2008
The part nationalisation of European banking giant Fortis will not affect the operations of its local subsidiary, Fortis Investments Australia, nor put FIA's $6 billion in funds at risk, said FIA's chief executive Ian Manton-Hall.

Macq to sell investment lending arm

MICHELLE BALTAZAR, MICHAEL HOBBS  |  FRIDAY, 26 SEP 2008
While St.George's margin lending division will try to ride the tough markets, the credit crunch has taken its toll on one of its key rivals with Macquarie Bank in talks to find a partner for its $3 billion loan book.

Four funds crossed off "On Hold" list

RUTH LIEW  |  FRIDAY, 26 SEP 2008
Four funds have been struck off Standard & Poor's "On Hold" list after reassuring the ratings house they are fully capable of executing their mandates despite ASIC's shorting ban.

Managers seek ESG framework

MICHAEL HOBBS  |  FRIDAY, 26 SEP 2008
Effectively managing and pricing environmental, social and governance (ESG) issues into investment processes remains the biggest hurdle for integration.

Allianz provides BankWest insurance

MICHAEL HOBBS  |  WEDNESDAY, 24 SEP 2008
BankWest and Allianz Finance signed a referral relationship whereby the West Australian banking group refers all new debtor finance customers to Allianz Finance.

Defensive fixed income wins

RUTH LIEW  |  TUESDAY, 23 SEP 2008
The recent market surge then slump only reinforces the need to have a bullet proof fixed income strategy and despite the ongoing volatility, yields of 9 to 12 per cent still remain a possibility, according to an income expert.