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Investment

Macquarie Funds Group rebrands, increases FUM by $30 billion

ALEX BURKE  |  WEDNESDAY, 18 FEB 2015
Australia's biggest global asset manager, Macquarie Funds Group, has rebranded as Macquarie Asset Management and increased its funds under management (FUM) by $30 billion in the three months to 31 December 2014, as reported in the Macquarie Group 2015 ...

OPINION: The Achilles heel of unbundled services

DARREN SPEIRS  |  WEDNESDAY, 18 FEB 2015
The popularity of self-managed super funds (SMSFs) has fuelled the rapid growth of an extensive range of unbundled services that promise trustees greater choice and control, as well as lower costs than traditional bundled services. However as Darren ...

Australian dividend growth leads Asia Pacific

MARK SMITH  |  TUESDAY, 17 FEB 2015
Dividends paid out by Australian companies grew solidly in 2014, but international investors in local companies actually saw an 8.8% decline in distributions as a result of the falling Australian dollar.

Alternatives sector shaped by regulation, customer demand

ALEX BURKE  |  TUESDAY, 17 FEB 2015
The alternatives sector is transforming due to regulatory pressures and the needs of a growing institutional customer-base, according to Lonsec's recently published Alternatives Sector Review.

Challenger retail annuity sales up 8%, profit down

LAURA MILLAN  |  TUESDAY, 17 FEB 2015
Challenger annuity sales were up 8% during the first half of the 2014-2015 financial year, but net profit after tax was down, the half year report showed.

ANZ profit up 3.6% in "tougher environment"

ALEX BURKE  |  TUESDAY, 17 FEB 2015
ANZ announced a cash profit of $1.79 billion in the three months to 31 December 2014, a 3.6% increase on the previous quarter.

Australian Ethical reappoints NAB custody

LAURA MILLAN  |  MONDAY, 16 FEB 2015
National Australia Bank (NAB) Asset Servicing has been reappointed to provide custodial services to Australian Ethical for three more years.

Finance minister seeks interest from property investors

ALEX BURKE  |  MONDAY, 16 FEB 2015
The government is seeking interest from potential property investors in six Commonwealth properties in Canberra as part of its property divestment program, Minister for Finance Mathias Cormann and Parliamentary Secretary to the Minister for Finance Michael ...

Law firm deems SIV changes unworkable

MARK SMITH  |  MONDAY, 16 FEB 2015
Proposed changes to the Significant Investor Visa (SIV) aimed at pumping funds into small businesses and venture capital projects could spell disaster for the scheme because Chinese investors want low risk assets, according to law firm Hall & Wilcox.

MSCI makes key hire to lead local ETF charge

MARK SMITH  |  MONDAY, 16 FEB 2015
Global index provider MSCI has hired ETF Consulting managing director Tim Bradbury to launch the company's ETF business in Australia.