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Investment

CBA posts record profit despite dip from wealth division

MARK SMITH  |  WEDNESDAY, 10 AUG 2016
A 6% dip in the cash profit of Commonwealth Bank's wealth management division did not hold the bank back from recording a record after tax cash profit of $9.45 billion for the 12 months to 30 June, up 3% on last year.

BetaShares grows suite with two new sector ETFs

MARK SMITH  |  WEDNESDAY, 10 AUG 2016
BetaShares has launched two new exchange traded funds to give investors low-cost diversified exposure to global healthcare and agriculture stocks.

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 10 AUG 2016
Australia business confidence eases; US productivity drops; China inflation remains low; Indian central bank keeps policy unchanged

Transparency key for sophisticated investment

KERRIE SYDEE  |  TUESDAY, 9 AUG 2016
The evolution of the sophisticated investor certificate from paper to online is an important step in de-risking the sophisticated investment process, according to Sophisticated Access managing director, Peta Tilse.

ANZ nine-month cash profit down

KERRIE SYDEE  |  TUESDAY, 9 AUG 2016
ANZ Bank's third quarter cash profit for the financial year was down 3% to $5.2 billion as bad debt continues to claw at profits.

Monash fund added to two platforms

MARK SMITH  |  TUESDAY, 9 AUG 2016
The Monash Absolute Investment Fund has been added to both the Netwealth and Macquarie Wrap Super and Non-Super platforms.

Vast majority of advisers turning to smart beta: VanEck

ALEX BURKE  |  TUESDAY, 9 AUG 2016
Over 90% of financial advisers and brokers are considering investing in smart beta strategies in the future, according to VanEck research.

Antipodes to launch global equities LIC

ALEX BURKE  |  TUESDAY, 9 AUG 2016
Antipodes Partners is launching a global equities listed investment company.

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 9 AUG 2016
ANZ job ads down; US Labor Market Conditions Index rebounds; China and Taiwan trade surplus increase while Indonesian consumer confidence jumps.

Instos demanding ESG metrics

MARK SMITH  |  TUESDAY, 9 AUG 2016
Institutional investors are calling for metrics to analyse companies' environmental, social, and governance (ESG) practices in the belief that these can correlate with positive financial performance.