News & Articles

SMSF assets up 70% since 2009

Australians flock to set up their own self-managed super funds (SMSFs).Industry funds are the biggest losers in the race to keep their most lucrative members, as Australians with the most retirement savings flock to set up their own self-managed super funds (SMSFs).Around 38 per cent of Australians who set up SMSFs did so by switching from industry funds, according to new research from the Financial Services Council and UBS.Retail super funds suc..... Read more

​Market Overview Quarter Ending September 2014

Australian shares The September quarter was a choppy one for Australian shares driven largely by global macro events. The S&P/ASX 300 Accumulation Index fell -0.56% over the quarter as a whole but this hides dramatic movements within the quarter. Australian shares started the quarter positively as investors gained confidence that the US economy was continuing to improve, and the slowing of Chinese growth may not be as sharp as feared. Whilst..... Read more

G20 Delivers Growth Strategies

G20 agree to strategies for 1.8% global growthThe Group of Twenty (G20) finance ministers and central bank governors agreed to deliver strategies to help achieve 1.8% of additional growth across the global economy.Australia's treasurer Joe Hockey explained this means the G20 are 90% of the way to meeting the 2% global growth ambition."The world economy is gaining some momentum, though it is uneven and risks remain. We must avoid being complacent,..... Read more

RBA: Volatility Increasing

RBA leaves the cash rate at 2.5% and warns "market volatility increasing"Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 2.5% in its October meeting and warned that volatility has gathered momentum in financial markets.RBA governor Glenn Stevens commented that growth in the global economy is continuing at a moderate pace and commodity prices in historical terms remain high, but some of those important to Austral..... Read more

Outlook for 2015

Australia’s Economy Australia’s economy has performed relatively strongly across 2014, however a number of headwinds remain going into 2015. The biggest challenge for the Reserve Bank of Australia is stimulating non-mining sectors of the economy. Although a lower Australian dollar should help earnings growth for exporters, domestic consumption and business expenditure remain subdued.The domestic equity market is expected to remain flat in 2015, w..... Read more

Good Reasons to Buy Europe

European stocks in vogueThe European Central Bank’s decision to adopt the quantitative easing strategy of its global peers is a major factor in making Europe a more attractive investment proposition.European stocks are back in vogue as investors wager that the region’s banks and exporters stand to benefit from a flood of cheap money and a weaker currency.The European Central Bank can claim much of the credit for boosting the allure of Europe’s bo..... Read more

Super News

45% of Australians have multiple super accountsOf the over 14 million Australians with money held in a superannuation fund, approximately 45% of these people have more than one super account, according to the Australian Taxation Office (ATO).As at 31 December 2014, there were a total of just over six million accounts, either lost or ATO-held, with a total value of just under $16 billion. This however, decreased by over $800 million in the six mon..... Read more

Bubble Trouble

Soaring House PricesWhen the Reserve Bank of Australia’s board meets, a key topic of conversation will be the reaction of our unusually interest rate elastic housing market to recent reductions in local borrowing costs.The bottom line is that Australia’s housing boom is racing away. So-called “macroprudential” constraints on bank lending, which place a soft limit on credit growth at four times current wages growth, have had zero impact to date.An..... Read more

Australia is AAA

AAA Rating RetainedAustralia’s strong credit rating and impressive economic performance over the past decade has been the envy of many economies in the world.Australia remains one of only nine countries rated AAA with a stable outlook by the three major international credit rating agencies, Moody’s, Standard & Poor’s and Fitch. Moody’s recently confirmed Australia’s sovereign credit rating outlook has remained stable amid global financial unc..... Read more

Another Way of Investing

A new investment service The Australian Securities Exchange’s mFunds platform service allows investors to directly purchase units in a managed fund as they would ordinary shares.This compliments existing options of listed shares, listed investment companies (LICs) and exchange-traded funds (ETFs) thus enabling investors to structure a sophisticated investment portfolio through a single platform.DIY super investors in particular will look to inves..... Read more