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Investment

Fidelity launches new mid-small cap Australian equity fund

MARK SMITH  |  THURSDAY, 25 JUL 2013
Fidelity has launched a new Australian equity fund focusing on the mid- and small-cap market.

Macquarie expects 2014 profit rise after strong quarter

MARK SMITH  |  THURSDAY, 25 JUL 2013
The strong performances of Macquarie Group's wealth divisions have led the financial services company to confirm it expects to report a year-on-year rise in profits for 2014.

CBA in talks to hand over management of three funds

MARK SMITH  |  WEDNESDAY, 24 JUL 2013
Commonwealth Bank has submitted proposals to the boards of two trusts allowing it to relinquish its funds management responsibility.

Legg Mason adds SIV funds

MARK SMITH  |  WEDNESDAY, 24 JUL 2013
Legg Mason is packaging its four Significant Investment Visa (SIV) complying funds as a ready-made solution for private wealth advice firms.

Finance to fill export gap as mining boom sags

JAMES FERNYHOUGH  |  WEDNESDAY, 24 JUL 2013
Financial services can replace mining as Australia's next major export industry, particularly in Asia, according to the Financial Services Council (FSC) DST CEO Survey.

'Business as usual' for Perennial despite legal bid

MARK SMITH  |  TUESDAY, 23 JUL 2013
Fund manager Perennial has said it is 'business as usual' despite a failed bid for $35 million in unpaid fees by three former directors.

Trust Company still recommending Perpetual proposal

LAURA MILLAN  |  TUESDAY, 23 JUL 2013
The Trust Company continues to recommend the Perpetual proposal to acquire the 100% of its shares after independent expert Ernst & Young analysed the synergies of a potential merger with Equity Trustees (EQT).

IFM's FUM surges by 34% on global support

ALICE URIBE  |  TUESDAY, 23 JUL 2013
Global investment manager IFM has seen a 34% growth in funds under management, form $34 billion to $46 billion, which is more than double the asset growth of the overall Australian superannuation market.

A-REITS rewarded for cleaning up act

MARK SMITH  |  TUESDAY, 23 JUL 2013
Australian listed property funds have been rewarded for repairing their balance sheets and simplifying their capital structures with robust performance and strong inflows over the last 12-18 months, according to research house Lonsec.

IFM reveals start date for fee reduction

ALICE URIBE  |  MONDAY, 22 JUL 2013
Industry Funds Management (IFM) has set January 2014 as the start date for its expected, wide-ranging fee reduction.