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Investment Strategy

The shorting ban didn’t work and the reforms

It was expected that financial stocks  would rally on the first day of the  short-selling ban in Australia, back on  September 21. The ASX200 financials  index (XFJ) gained 5 per cent that day,  as shares in ANZ increased by 8.1 per  cent, Commonwealth Bank of Australia  by 4.4 per cent, Westpac by 4.9 per cent  […]
Staff WriterDecember 9, 2008
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.
Staff WriterOctober 24, 2008
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