announcement

Investment Strategy

Australian Unity reveals extent of guarantee damage

Investors in Australian Unity Investments’ two mortgage funds withdrew $150 million in the week after the Government’s October 13 announcement of a bank deposit guarantee, before the mutual froze redemptions for a month last Wednesday and joined industry calls for ‘deposit-like’ products to be included in the guarantee.
Hedge Funds

Aussie dollar way too cheap – BT boss

Even a bearish view on the prospects for continued growth in Asia would see fair value for the Australian dollar at US75c or higher, according to Dirk Morris, a currency expert and chief executive of BT Investment Management who was at the Reserve Bank when the Australian dollar floated in 1983.
Investment Strategy

Aussie dollar way too cheap – BT boss

Even a bearish view on the prospects for continued growth in Asia would see fair value for the Australian dollar at US75c or higher, according to Dirk Morris, a currency expert and chief executive of BT Investment Management who was at the Reserve Bank when the Australian dollar floated in 1983.
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