Putting things in perspective

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Europe versus China in perspective: “Not many people realise that the economy of just one province of China – Henan province – is greater than the whole Greek economy,” points out David Urquhart, Portfolio Manager for the Fidelity Asia Fund. The Greek economy is about the size of China’s fifth largest province, Henan, which at […]

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Count profits up 118%, record dividend declared

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Count Financial Limited (Count) provides the following update on its earnings and final dividend. Subject to final audit, management confirms that Count will report Net Profit After Tax (NPAT) of around $52m for 2010/2011, up 118% on 09/10. When earnings are normalised to remove the fair value gains on Countplus of $37.1m pre-tax, NPAT is […]

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ASIC publishes ETF information for investors

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ASIC has published new information on its consumer finance website, MoneySmart, to help consumers understand the different types of Exchange Traded Funds (ETFs) and their risks. ETFs can provide a convenient and low-cost way for investors to diversify and receive returns close to the performance of market indexes or other assets, usually with lower fees than […]

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Russell launches online toolkit to help investors navigate volatile markets

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As turmoil continues to rock the Australian sharemarket, global investment solutions firm Russell Investments has today launched an online volatility toolkit to help institutions, advisers and investors navigate through and learn from turbulent market swings.  Russell’s Volatility Toolkit offers daily perspectives on changes in capital markets relying on its strong team of over 500 global […]

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Equiti Capital appoints Honourable Dr John Hewson AM to Board

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Property fund manager Equiti Capital Limited has appointed former Federal MP and economic and financial expert Dr John Hewson AM to the position of Chairman of its Board. Executive Director, Equiti Capital, Linden Toll welcomed Dr Hewson and said the appointment was an important step, one that will assist the company grow and execute its […]

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FPA urges consumers: check the qualifications of your planner

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Australian consumers should check the qualifications of their financial planners to ensure they are receiving the highest levels of ethical and professional advice, says Financial Planning Association (FPA) CEO, Mark Rantall. The Certified Financial Planning (CFP®) designation is the only qualification for financial planners that is recognized worldwide, requiring financial planners to adhere to higher […]

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Apostle extends reach into Australian institutional bond market

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Apostle Asset Management has announced a further mandate for London-based global bond manager, H20 Asset Management. Mercer Investments has awarded H20 A$100m via a Global Sovereign & Currency mandate.  H20 was selected following a manager review and will exist within the same investment objective and portfolio architecture as the previous manager. This mandate from Mercer […]

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ASIC pushes for greater CFD disclosure

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ASIC has released new disclosure benchmarks for contracts for difference (CFDs) that aim to improve disclosure and investor awareness about risks of these products. The guidance also covers margin foreign exchange contracts. In Australia, most CFDs are issued as over-the-counter (OTC) products, making them increasingly accessible and popular with retail investors. But CFDs are a high-risk […]

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Aviva ratings unaffected by change in ownership – S&P

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Standard & Poor’s Fund Services today stated that its ratings on all products offered and managed by Aviva Investors Australia are unaffected following the sale of the business to nabInvest, the direct asset management business of National Australian Bank. Aviva Investors has stated that there will be no change to the management of its existing […]

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Trio former chairman and director exluded for nine years

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ASIC today announced it has entered into an enforceable undertaking (EU) with former chairman and director of Trio Capital Limited (Trio) Mr David Andrews. Mr Andrews was a non executive director between November 2005 and January 2006 and then again from July 2006. He was Chairman of the board of Trio from February 2007. He […]

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