Investor Signposts: Week Beginning September 19

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Upcoming economic and financial market events Australia September 20    Reserve Bank Governor speech    Foodbowl Unlimited Forum Luncheon in Shepparton September 21    RBA Board minutes (September 7)    Minutes of the last board meeting September 21    ABARE commodity forecasts      ABARE’s ‘Australian Commodities’ publication September 24    Financial accounts (September quarter)    Includes data on household financial wealth Overseas September […]

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BT Wrap and Asgard platforms dominate AFR Investor Awards

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The calibre of BT Financial Group’s two platform businesses and the people who support them was reflected with BT Wrap and Asgard both taking home awards at the annual AFR Smart Investor Blue Ribbon Awards Asgard won the award for Best Investment Platform with Asgard eWRAP and BT Wrap took home the gong for Best […]

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ASIC consults on dispute resolution requirements for traditional trustee company

ASIC has released a consultation paper seeking public comment on dispute resolution arrangements required of trustee companies providing traditional services, like preparing wills. click here to continue reading this PDF

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Weekly market & economic update 17 September 2010

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Headline developments of the past week Global financial market regulators – known as the Basel Committee on Banking Supervision – announced tougher capital requirements for banks so that they can better withstand future financial crises. However, bank shares actually rose in response as the capital requirements had been anticipated and the time to comply was […]

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PIMCO Wins Australian Bond Category in AFR Smart Investor Blue Ribbon Awards

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Leading bond fund manager PIMCO has won the Australian Bonds Award in the AFR Smart Investor Blue Ribbon Awards 2010. The AFR Smart Investor Blue Ribbon Awards are unique as they are the most comprehensive, independent evaluation of banking, insurance and investment products in the market and are recognised as the industry’s premier awards. PIMCO […]

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ASIC bans Sydney financial adviser

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Mr Vince Aloisi of Baulkham Hills, New South Wales, has been permanently banned from providing financial services by ASIC. ASIC’s action against Mr Aloisi follows its investigation into allegations of misconduct during his employment as an authorised representative with AMP Financial Planning Pty Limited from 1 January 2004 to 5 August 2009 and AMP GI […]

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ASIC recovers $24.5 million for Westpoint investors

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Westpoint investors in ASIC’s class against Glenhurst Corporation Pty Ltd (Glenhurst) are to receive their share of $24.5 million recovered to date by the Commission. The Glenhurst settlement, worth $2.5 million, is one of six reached by ASIC on behalf of investors in the Westpoint Group seeking compensation for their failed investments. The settlement will […]

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Aussies embrace financial stocks

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Reserve Bank Bulletin The Reserve Bank Bulletin released yesterday has provided a breakdown of the ownership of Aussie equities. The portfolio allocations between households and institutional investors differ significantly. Mum and Dad investors hold 65 per cent of their portfolio in financial stocks – more than double the portfolio allocation of institutional investors. The large […]

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MLC wins investment award for Horizon fund

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MLC has been recognised for excellence in investments with its Horizon 2 Income Portfolio winning Best Conservative Multi-Sector Fund of the Year at the 2010 Financial Review Smart Investor Blue Ribbon Awards. The MLC Horizon 3 Conservative Growth Portfolio and MLC Property Securities Fund were also commended as Blue Ribbon finalists at the awards, which […]

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Ignore the confusion in global markets to find outstanding opportunities

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One could be excused for feeling that recent global equity market activity is overly confusing. The bipolar combination of market euphoria today, and despair tomorrow, repeats itself over and over. Whilst a source of frustration to investors, these wild fluctuations are quite understandable when their underlying drivers are assessed and therefore should not influence investors […]

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