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Investment

AWM posts $65m profit

MICHAEL HOBBS  |  THURSDAY, 28 AUG 2008
Australian Wealth Management (AWM) posted a full year net profit of $65 million to the end of June, its seventh consecutive increase in profit despite tough market conditions.

Fundies must upskill in low-carbon world

MICHELLE BALTAZAR  |  THURSDAY, 28 AUG 2008
A $500 billion carrot awaits the new breed of fund managers willing to do their homework on climate change, but the road to the burgeoning investment sector is full of stumbling blocks.

QIC's new asset class a hot commodity

MICHAEL HOBBS  |  WEDNESDAY, 27 AUG 2008
Leading fund manager QIC has decided to label "commodities" as a separate class in its portfolio after it observed that traditionally uncorrelated markets such as fixed income and equities are starting to behave like each other.

State Street's private equity hits $110bn

MICHAEL HOBBS  |  WEDNESDAY, 27 AUG 2008
Rising institutional investor demand for private equity assets has resulted in State Street's private equity fund service's assets under administration to increase by 20 per cent to $110 billion since the division was formed last year.

Deutsche smashes Euro ETF market

MICHAEL HOBBS  |  TUESDAY, 26 AUG 2008
Deutsche Bank's European based exchange traded funds (ETF) platform raised more than $25 billion of assets in 18 months, making it the third largest ETF provider in Europe by assets under management.

Templeton targets Vietnam

RUTH LIEW  |  TUESDAY, 26 AUG 2008
Templeton Asset Management Ltd has established an office in Ho Chi Minh City, deepening its operations in the emerging markets arena.

Growth bond plays tax trump card

RUTH LIEW  |  TUESDAY, 26 AUG 2008
AMP has launched the AMP Growth Bond, a "tax paid" investment that allows investors to accumulate wealth with no lock in periods.

Suncorp numbers fail to shine

RUTH LIEW  |  TUESDAY, 26 AUG 2008
Suncorp's wealth management and general insurance divisions have suffered profit falls due to poor markets and severe weather.

Challenger FM down, CEO says goodbye

RUTH LIEW  |  MONDAY, 25 AUG 2008
Challenger Financial Services Group chief executive Mike Tilley is stepping down just as the group announced today that its funds under management dropped 19 per cent in the last financial year.

Pax fined for SRI breach

MICHELLE BALTAZAR  |  MONDAY, 25 AUG 2008
US-based fund manager Pax World Management was forced to stump up US$500,000 in regulatory fines for violating its own socially responsible investments (SRI) policies.