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Superannuation

Microfinance bonds attract major instos

ALEX DUNNIN  |  THURSDAY, 17 MAY 2007
Major institutions are entering the 'double-bottomline' fixed interest market by securitising microfinance bonds that will be used to fund micro loans in developing economies.

Kiwibank fined over lack of disclosure

ALEX DUNNIN  |  THURSDAY, 17 MAY 2007
New Zealand government-owned bank Kiwibank yesterday pleaded guilty to breaching the Fair Trading Act while a banking group recently appointed as a KiwiSaver default fund is also under investigation.

Stand by one manager: T Rowe Price

CHRIS NICHOLLS  |  THURSDAY, 17 MAY 2007
Generating alpha in the current global equities market meant employing only one manager per portfolio and conducting a lot of research into bottlenecks, according to visiting T Rowe Price vice president, Darrell Riley.

Macquarie seeks banking licence in Britain

WWW.THESHEET.COM  |  WEDNESDAY, 16 MAY 2007
Macquarie Bank plans to apply for a banking licence in Britain as a way of acquiring a "passport" to do more business in Europe.

IUS partners with CUNA

ALEX DUNNIN  |  WEDNESDAY, 16 MAY 2007
Group insurance specialist IUS is partnering with the US based CUNA Mutual Group to develop more innovative insurance products for the Australian market by harnessing IUS's reach into pension funds.

BT beats Vanguard on tax: Aviva

BT Financial has pipped Vanguard to take the number one spot as the most tax-effective Australian equities fund, according to new research from platform group Aviva.

ARIA awards Principal $400m mandate

CHRIS NICHOLLS  |  TUESDAY, 15 MAY 2007
Principal Global Investors' diversified fixed income Global Strategic Income Fund has been awarded a $400 million mandate from the Australian Reward Investment Alliance (ARIA).

CFS feels the rhythm

CHRIS NICHOLLS  |  MONDAY, 14 MAY 2007
Colonial First State Global Asset Management (CFS GAM) has gotten with the groove by agreeing to purchase a major music copyright catalogue from DreamWorks Music Publishing as it prepares to launch a media-focused investment fund.

A new way for AMP fixed interest

CHRIS NICHOLLS  |  MONDAY, 14 MAY 2007
AMP Capital Investors has awarded boutique manager Vianova Asset Management a $75 million mandate for a part of the fixed interest component of its AMP Future Directions Fund.

Bumper year for wealth managers

The latest banking report by advisory firm KPMG has confirmed that the country's major banks enjoyed another record year in profits, with wealth management still the crowning jewel.