S&P assigns Three-Star ‘New’ rating to GVI Global Industrial Share Unhedged Fund

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Standard & Poor’s Fund Services today assigned its three-star ‘NEW’ rating to the GVI Global Industrial Share Unhedged fund. The product has a short history although it is comparable to the manager’s hedged global industrial share fund, which we rated in our 2010 international equities sector review. The fund invests in global listed stocks using […]

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BetaShares launches British Pound and Euro currency ETFs

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BetaShares Capital Limited yesterday listed two more currency ETFs on the Australian Securities Exchange (ASX). Trading under the ASX Codes ‘POU’ and ‘EEU’, BetaShares British Pound ETF and BetaShares Euro ETF track the performance of the British Pound (GBP £) and the Euro (€) relative to the Australian dollar (A$). The new ETFs employ the […]

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AFA: FOFA is policy on the run – fails to address the real issues

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The Future of Financial Advice (FOFA) reforms are not addressing the real issues which confront Australia, according to the Association of Financial Advisers (AFA). AFA CEO Richard Klipin said a recent address to AFA members by the Minister for Financial Services and Superannuation, Bill Shorten revealed that while the Government is fully aware of the […]

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Qantas Super first to adopt agency FX model

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Qantas Superannuation Ltd (Qantas Super), the Trustee of the A$6bn Qantas Superannuation Plan, has appointed Russell Implementation Services Inc. (RIS), a part of Russell Investments, to provide agency foreign exchange (FX) services. This initiative will provide Qantas Super with complete transparency around its FX trading costs and could deliver cost savings to its members in […]

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New Carbon Tax: More or less certainty?

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Details on proposed Carbon Tax The Federal Government has proposed a new tax on carbon emissions of $23 a tonne to apply to 500 of the biggest corporate emitters from July 2012. The aim of the tax is to increase the price of goods produced by carbon-intensive industries and thus change behaviour of consumers and […]

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S&P Australian Equites Large-Cap review: more down than up

Standard & Poor’s Fund Services today released its second batch of peer group ratings in its 2011 Australian Equities Large-Cap sector review for Income, Multi-Manager, Quantitative, and Unconstrained funds. We affirmed most ratings in the peer groups, but downgraded three funds, upgraded one, assigned one new rating, and removed one fund from ‘On Hold’, reinstating its […]

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Investor Signposts: Week Beginning July 10 2011

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The big picture Confused about where the economy is heading? You’re in good company, with the boffins from the Reserve Bank also seemingly scratching their collective heads about where things are going. Earlier in the year the policymakers appeared confident that the economy would rebound strongly after the floods and cyclones and flagged the risk […]

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CommSec: Unemployment rate is a good indicator of job market health

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Labour force The unemployment rate was unchanged at 4.9 per cent in June. The participation rate edged up from 65.5 per cent to 65.6 per cent. The working age population rose by 19,600. Employment rose by 23,400 people in June. Economists had tipped job gains of around 15,000. But the May result was sharply revised […]

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ASIC: corporate insolvencies on the rise

Official figures released by ASIC today reveal corporate insolvencies have risen 4.4% in the 2010-11 financial year to date. ASIC’s Senior Executive Leader of the Insolvency Practitioners team, Adrian Brown, said that despite a decrease in external administration appointments in May compared to the same time last year, these latest figures show the number of […]

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