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Superannuation

Citibank's Agent Penny: licensed to teach

Citibank in Malaysia has stepped up to the plate with a forward thinking investor education initiative that uses a comic book character called Agent Penny to promote financial education among young kids.

Common sense rules in portfolio construction

Investors should not abandon a common sense approach to managing their portfolio after new academic research found that many claims about the superior portfolio construction of fund managers can not be statistically tested or verified.

SA based Prescott expands into Sydney

KATE HAGE  |  TUESDAY, 30 MAY 2006
South Australian based wealth management and stockbroking firm Prescott Securities is expanding into New South Wales with the opening of a Sydney office in July.

NAB financial planner guilty of fraud

HAMISH MADDEN  |  TUESDAY, 30 MAY 2006
A former NAB financial planner has pleaded guilty to 13 criminal counts of dishonest conduct and fraud in the District Court of NSW.

World cup fever to push Euro stocks: Barclays

Super funds and fund managers have another reason to back the World Cup, besides the Socceroos being there, with UK investment house Barclays singling out stocks that will benefit on and off the pitch.

Our master is the government: FF boss

ALEX DUNNIN  |  MONDAY, 29 MAY 2006
The Future Fund is the government's money and it is the boss, said Future Fund chairman David Murray in an interview yesterday.

US property giant signs up for Aussie expertise

RMR Advisors, a Boston-based real estate giant with $16 billion in funds under management, has appointed specialist property manager MacarthurCook as their local eye on Asia-Pacific real estate securities.

More control over currency: SSgA

Super funds unsure of whether they should hedge or not hedge can get the best of both worlds through State Street Global Advisors' (SSgA) newly launched hedging product.

MacBank launches commodities only fund

KATE HAGE  |  MONDAY, 29 MAY 2006
Macquarie Bank funds management (MFM) has launched a wholesale commodities fund, giving investors direct access to commodity market performances through local indices.

Mezzanine finance under fire: ASIC

HAMISH MADDEN  |  MONDAY, 29 MAY 2006
Two directors of the International Finance Corporation (IFC) will face Adelaide District Court over alleged illegal activities concerning a mezzanine financing scheme.