Baby-boom! Migration levels ease

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Population statistics Australia’s population grew by 403,082 people over the year to March. Population growth consolidated, increasing by 1.8 per cent over the past year, however continuing to ease from the 40 years highs reached in the year to March 2009. Not only is Australia experiencing healthy migration levels but also a baby boom. There […]

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Petrol to fall as wholesale price hits 11-month low

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Petrol price Petrol prices have risen for the second consecutive week. The Australian Institute of Petroleum reports that the average Australian petrol price rose by 0.5 cents a litre last week. The national pump price stands at a 4-week high of 123.2 cents a litre. The good news is that the strength of the Aussie […]

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Lonsec releases Australian and Global Equity Responsible Investment sector review

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Lonsec’s annual Review of Responsible Investment Funds covered seven Australian equity and three global equity funds. Lonsec awarded its premier ‘Highly Recommended’ rating to two Australian Equity Funds – BT Wholesale Ethical Share Fund and the ING Wholesale Sustainable Investment Australian Shares Trust. Observations on the Responsible Investment Sector While it was a fairly unremarkable […]

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Magnitude tackles the future at fifth annual conference

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Magnitude will hold their fifth annual conference this week with the dealer group tackling the future under the conference theme, “Swing of the Pendulum,” against the backdrop of Byron Bay. Deborah Potts, National Manager Magnitude, said the conference theme reflected their strategy of learning and working together towards a more efficient, transparent and client-focused industry. […]

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MLC appoints Stuart Keighran to new role

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  MLC has further expanded its investment management team with the appointment of Stuart Keighran to a newly created role of Portfolio Manager, Property and Unlisted Assets. Stuart takes responsibility for MLC’s property and unlisted asset strategies and will undertake research into global and domestic listed and unlisted property, and infrastructure. He has responsibility for […]

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Budget outcome: Better than expected… again

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Federal budget update The Federal Budget deficit stood at $54.8 billion in 2009/10 (4.2 per cent of GDP), an improvement of $2.3 billion on the estimate made just four months ago at the time of the May budget. GST receipts hit record highs in 2009/10, up 9.2 per cent on a year ago. The budget […]

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Cash holdings rise to record highs

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The proportion of super funds (pension funds) assets held in cash rose from 14.3 per cent to 15 per cent in the June quarter, well above the decade average of 9.2 per cent. Super fund holdings of cash assets rose to a record high $158.9 billion in the June quarter. Australian companies are maintaining very […]

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Weekly market & economic update

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Headline developments of the past week While the risk of a double dip back into recession may be waning, the prospect of sub-par growth in key developed countries suggests that another round of global reflation looks to be on the way, via more quantitative easing (or QE2), with both the US Federal Reserve and the […]

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Investor Signposts: Week Beginning September 26 2010

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The big picture Finally one of the great myths has been debunked. The Reserve Bank has finally acknowledged that housing affordability is not a major problem in Australia. Neither is it worsening dramatically, or alternatively going through the floor. Actually it has been going sideways for the last 5-6 years. The Reserve Bank has come […]

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ASIC begins nationwide surveillance activities under national consumer credit regime

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The Australian Securities and Investments Commission (ASIC) has begun its first nationwide surveillance activity to detect unregistered businesses and people under the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 (National Credit Transitional Act). Between now and late 2010, ASIC will be in the field, across Australia, to detect businesses or people engaging […]

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