Maple-Brown Abbott has for the first time looked beyond Advance Asset Management for distribution of one of its funds to financial advisers.
AGEST gets high-profile CEO
The Australian Government Employees Superannuation Trust (AGEST) has picked a prominent former director to be its new chief executive officer, replacing Michael Seton.
The term deposit ‘wall’ starts to buckle
Cracks are appearing in the ‘wall of money’ standing in term deposits, with the beneficiaries being liquid fixed-income funds, but the outlook for traditional mortgage funds looks bleak according to an analysis from wealth management strategists, Tria Investment Partners.
Perpetual shutters Quantitative Investments business
Ten years after its founding, all the funds of Perpetual’s Quantitative Investments business will be wound down by December.
Rising $A triggers sell-offs from offshore investors
The final trading days of September indicated how far Australian equity valuations could fall when the local currency dollar declines from its current heights.
PIMCO confronts bond bubble rhetoric
PIMCO has hosed down talk of a bubble in bonds, with the ‘big four’ central banks to remain “firmly in easing mode” for the foreseeable future, and the 2.5 per cent yield on 10-year US Treasuries “lower than the nominal GDP growth we would expect over that timeframe”, according to visiting global product head David Fisher.
Maple-Brown's new way to reach retail
Maple-Brown Abbott has for the first time looked beyond Advance Asset Management for distribution of one of its funds to financial advisers.
The term deposit 'wall' starts to buckle
Cracks are appearing in the ‘wall of money’ standing in term deposits, with the beneficiaries being liquid fixed-income funds, but the outlook for traditional mortgage funds looks bleak according to an analysis from wealth management strategists, Tria Investment Partners.
Bikini models, machine guns and the New Silk Road
HSBC, the English bank with genuine Asian credentials, produces one of the best regular newsletters on Greater China – both entertaining and informative. The cover story in the latest one says: “Forget the West – Why China’s big trade growth is with the rest”. As I pack up after three months here, looking forward to blue skies and a soft bed, my thoughts on China are as confused as when I arrived. James Fallows, worldrenowned journalist and an editor of The Atlantic, America’s oldest magazine, spent three years in China until early this year to see for himself what all the fuss was about. He said this was not nearly long enough to understand much about China. China is not the world’s factory. It’s not just an economy.
Sweet spot for reforming state taxes
The terms of reference for the Henry Review of taxation specifically excluded the GST. This was a mistake. Although Henry was able to identify the state taxes as the most inefficient in the system, he was not provided with the practical wherewithal to recommend a way to abolish them, writes John Brogden, CEO of the FSC.
Hedge fund awards: recognition as risk drops
Australian hedge funds (including offshore funds sold in Australia) returned a positive 0.50 per cent in August 2010. The top 10 funds achieved returns over the month that ranged from 21 to 4 per cent. The bottom 10 funds lost between 6.8 to 2.8 per cent.
