State Street predicts ‘more normal’ year ahead for Aussie shares

International institutional investors remain overweight to Asia but have tended to take their profits from emerging markets, according to State Street Global Advisors (SSgA). Lochiel Crafter, chief investment officer for SSgA in Asia Pacific, said Asia, particularly China, Taiwan and Korea, was seen as a long-term growth opportunity.

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Aviva takes its place at PIS table

Aviva’s chief operating officer, Grant Salmon, and national key account manager, Stephen Trist, will join the Professional Investment Holdings (PIH) board later this month as Aviva finalises its acquisition of a 25 per cent stake in the holding company of Australia’s second largest dealer group Professional Investment Services (PIS).

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Future Fund fraudsters face five years in jail

The Future Fund board of guardians and staff of its management agency will be subject to separate criminal penalties of up to five years in prison for offences to do with dishonesty or recklessness. The criminal provisions are contained in the Future Fund Bill, tabled in Parliament last week.

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