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Investment

Watermark launches global market neutral LIC

ALEX BURKE  |  FRIDAY, 4 NOV 2016
Watermark Funds Management has launched its IPO for Australia's first global market neutral LIC.

Grant Samuel sells 80pct stake in GSFM

DARREN SNYDER  |  FRIDAY, 4 NOV 2016
Canadian wealth management firm CI Financial has purchased an 80% stake in Grant Samuel Funds Management.

ETFs to reach $6 trillion by 2020

DARREN SNYDER  |  FRIDAY, 4 NOV 2016
Retail investment is continuing to dominate the Australian ETF market and the sector is expected to gain further traction among high net worth and mass affluent investors.

Trump and Brexit comes back to haunt

BENJAMIN ONG  |  FRIDAY, 4 NOV 2016
These uncertainties may prove the certainty of the "January effect". This holds that the stock market's performance in the first five trading days of January - or the entire month of January -- determines the market's returns for the entire year.

Westpac commits to social finance leadership

DARREN SNYDER  |  THURSDAY, 3 NOV 2016
Westpac says it is dedicated to leading the development of social finance in Australia and is eager to introduce other institutional investors to future transactions.

Cromwell introduces Euro property fund

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2016
Cromwell Property Group is launching the Cromwell European Cities Income Fund.

Aussie fund manager London bound

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2016
An Australian fund manager is expanding to the United Kingdom, opening an office in London.

Principal fund receives strong ratings

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2016
Principal Global Investors' fixed income Global Credit Opportunities Fund has received ratings from both Lonsec and SQM Research.

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 3 NOV 2016
Australia building approvals and Japanese consumer confidence fall; UK construction PMI and NZ labour market strengthen.

FirstChoice Alternatives adds new macro manager

KERRIE SYDEE  |  WEDNESDAY, 2 NOV 2016
Colonial First State's FirstChoice Alternatives portfolio has added a new macro investment manager and hit a new funds under management milestone.