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Superannuation

CSAM to launch master trust products in early 2004

Credit Suisse Asset Management Australia (CSAM) has signalled its intention to expand further away from manufacturing or pure funds management, today announcing plans to launch its own series of master trusts in early 2004.

Assirt downgrades PPL's Australian and emerging equities ratings

The earlier reshuffling of management responsibilities is a positive for Melbourne-based Portfolio Partners (PPL), according to a report released by ratings house Assirt, but it has not prevented a downgrading of the manager's Australian and emerging ...

Australians still hungry for property AMP indicator reveals

Despite the recent fall from grace of property marketer Henry Kaye as well as the plunge of home loan affordability to its lowest recorded level since September 1995, Australia remains as infatuated with property as ever, today's AMP Banking/REIA Home ...

Growth funds post negative returns in November: Mercer

The median growth fund delivered a return of -0.7 per cent in November, according to the latest survey of pooled funds by Mercer Investment Consulting.

ASIC begins investigation into NRMA complaints

The Australian Securities and Investments Commission (ASIC) has begun enquiring into a number of complaints made in relation to the recent half-board election and AGM of the National Roads and Motorists' Association Ltd (NRMA).

Morningstar rates Citigroup Australia's LPT capability

Morningstar has given Citigroup Asset Management Australia's listed property trust (LPT) capability a rating of three out of five, the research house has announced.

Australia's balance of trade improves in October, boosted by the Rugby World Cup

The seasonally-adjusted value of Australia's international trade in goods and services for October showed a two per cent increase in exports of goods and services (to $11,755 million) as compared with the data for September due to an increase in international ...

ICAP economists say interest rate hike is unwarranted

ICAP economists have said that the current strength of GDP growth does not fully warrant an interest rate hike by the RBA, saying that the GDP has grown well below trend by just 2.6 per cent over the past year.

Major banks begin increasing home loan rates

AAP  |  FRIDAY, 5 DEC 2003
Three of Australia's major banks today announced increases to home loan lending rates after the Reserve Bank of Australia's decision to hike official rates earlier this week.

IOOF makes strong market debut

AAP  |  FRIDAY, 5 DEC 2003
Shares in financial services institution IOOF debuted at $3.80 on the Australian share market today, a strong premium to its facility price of $3.15.