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Investment

PM Capital boosted by beer and Las Vegas property

MARK SMITH  |  WEDNESDAY, 14 AUG 2013
Beer companies performing at full strength and a bet on the Las Vegas housing recovery has contributed to the strong outperformance of PM Capital.

Mason Stevens adds Perpetual portfolio to SMA

JAMES FERNYHOUGH  |  WEDNESDAY, 14 AUG 2013
Investment management firm Mason Stevens has added Perpetual Investment Management Limited's Perpetual Direct Equity Portfolio (the Portfolio) to its Managed Account service.

Study shows dark pools benefit markets at low volumes

MARK SMITH  |  WEDNESDAY, 14 AUG 2013
Low levels of trading in dark pools actually improve market quality, according to a new study by Capital Markets Cooperative Research Centre (CMCRC).

Wealth division contributes to record CBA profits

MARK SMITH  |  WEDNESDAY, 14 AUG 2013
Earnings growth of 9% in Commonwealth Bank's wealth management division contributed to the bank posting a full-year profit of $7.8 billion, a record for an Australian bank.

BetaShares ETFs awarded Lonsec 'Recommended' ratings

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
Lonsec has awarded 'Recommended' ratings to BetaShares' first fundamental index ETF and Commodities Basket ETF.

Fairfax to sell InvestSMART to listed fund manager

ALICE URIBE  |  TUESDAY, 13 AUG 2013
Australasian Wealth Investments Limited (AWK) has entered into a binding agreement to buy online financial services portal InvestSMART from Fairfax Media (Fairfax) for a cash consideration of $7 million.

Can cheap, high quality stocks can still be found?

MARK SMITH  |  TUESDAY, 13 AUG 2013
The world's largest and best-known defensive companies may look overvalued but that doesn't mean investors should give up on finding quality businesses with predictable earnings and capital preservation potential, according to AllianceBernstein senior ...

Strong US recovery to send bond yields through the roof

MARK SMITH  |  MONDAY, 12 AUG 2013
A faster and stronger-than-expected recovery in the US could send 10-year Treasury yields soaring to 10%, according to Magellan Financial Group chief executive officer and portfolio manager Hamish Douglass.

Yield obsession just a short-term fad

MARK SMITH  |  MONDAY, 12 AUG 2013
The current mania for yield stocks is nothing more than another short-term market theme, according to T. Rowe Price head of Australian equities Randal Jenneke, who believes long-term share market returns are driven by 'quality' not 'yield'.

Funds refused ratings for lack of active risk

JAMES FERNYHOUGH  |  FRIDAY, 9 AUG 2013
Research house van Eyk has refused to rate several funds on the grounds that they do not contain enough active risk.