Vanguard builds on ETF base with the upcoming launch of three new funds

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Vanguard announced its intention to launch three new Australian Exchange Traded Funds (ETFs) which will all track segments of the Australian share market. The new funds will include Australian small and large companies ETFs and a high yield Australian shares ETF complementing Vanguard’s existing range of funds. The ETFs, which Vanguard has applied for quotation […]

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UBS Australian Small Companies Fund Remains 'On Hold'

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Standard & Poor’s Fund Services today stated that the UBS Australian Small Companies fund remains ‘On Hold’ following UBS’s confirmation that two members of its three-person Australian-equities small-cap team—Jeremy Bendeich and John Campbell—will be leaving the firm. x Co-portfolio manager, Stephen Wood has assumed full responsibility for the fund, with additional support from other members […]

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Mining drives Aussie sharemarket

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Financial market trends The mining sector is now the primary driving force behind the Australian sharemarket. In terms of volumes of shares traded in March, mining volumes were double that of a year ago while the number of industrials shares traded were down by 4 per cent. In value terms, trading of industrials shares still […]

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AMP AXA merger takes effect

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The merger of AMP Limited (AMP) and AXA Asia Pacific Holdings Limited (AXA APH) Australian and New Zealand businesses has been implemented today. AXA APH is now wholly owned by the AMP Group. The cash component of the share scheme consideration has been dispatched and new shares issued to the AXA APH minority shareholders under […]

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Strong balance sheets fuel dividend growth, Russell says

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Australian dividends increase 6.4% Dividend yields rival term deposits Dividends are on the rise with the average dividend across the equity market growing 6.4% over the last six months, according to recent data from Russell Investments, provider of the Russell Australia High Dividend Index (the index). “This reporting season has shown companies are increasingly confident […]

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Aussie equities underperform global peers

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Sharemarket Insights The Australian sharemarket has significantly underperformed other major overseas markets this financial year. Some of the factors that have led to this under-performance include higher domestic interest rates, the strength of the Australian dollar and the lack of near term growth. CommSec still expects the Australian share market to rise over the rest […]

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Insync FM Sees 2011 as a good time to buy global shares

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Why International Equities Now? International equity fund manager, Insync Funds Management, believes that now is the time to buy global stocks. “Over the last ten years large cap global shares have gone from being wildly overpriced to reasonable value. This is seen by the S&P 500 moving from a PE (Price to Earnings ratio) of […]

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Rising oil prices – what is the tipping point for growth?

Key points Global oil prices remain under upward pressure from turmoil in the Middle East and North Africa. This will dampen global growth and add to the financial pressure on Australian households. The global and Australian economies and share markets can probably live with current oil price levels. However, a sustained sharp rise in the […]

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Stock picking in a turbulent world

Over the past 12 months, the macro themes driving stocks in Australia have led to the outperformance of small miners. The stocks have surged on the China story and the boost the low US dollar has given to commodity prices, rather than on company fundamentals. So how should stock pickers apply their craft when macro […]

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AMP welcomes final court approval for AXA merger

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AMP Limited today welcomed the decision by the Supreme Court of Victoria to approve the Share Scheme for the proposed merger of AMP and AXA Asia Pacific Holdings Limited (AXA APH). Under the proposal, AMP will acquire 100 per cent of AXA APH, merging AXA APH’s Australian and New Zealand businesses with those of AMP, […]

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