IFM to invest in international equities

March 2, 2015roymorgansocial Leave a comment

Original article by Amanda Saunders
The Australian Financial Review – Page: 27 : 2-Mar-15

IFM Investors will expand into international shares, as part of its growing push to diversify beyond Australian asset classes. CEO Brett Himbury argues that the nation’s superannuation system needs to reduce its focus on the local sharemarket, noting that many of the group’s clients already have exposure to offshore equities. IFM began investing in overseas infrastructure assets several years ago

CORPORATES
IFM INVESTORS PTY LTD, MAGELLAN FINANCIAL GROUP LIMITED – ASX MFG, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM

IOOF still on hunt for takeover targets

February 27, 2015roymorgansocial Leave a comment

Original article by Sally Rose
The Australian Financial Review – Page: 16 : 27-Feb-15

Australian-listed IOOF Holdings has posted a 2014-15 underlying net profit of $A80.58m, which is 39 per cent higher than previously. The financial services group’s statutory net profit rose by 37 per cent to $A65.9m, and revenue was 24 per cent higher at $A458.49m. Shareholders will receive an interim dividend of $A0.25 per share. CEO Chris Kelahar says IOOF is keen for further acquisitions after buying SFG Australia in 2014

CORPORATES
IOOF HOLDINGS LIMITED – ASX IFL, SFG AUSTRALIA LIMITED, JP MORGAN AUSTRALIA LIMITED

Van Eyk collapse still leaves retail investors ‘$20m out of pocket’

February 2, 2015roymorgansocial Leave a comment

Original article by Andrew Main
The Australian – Page: 22 : 2-Feb-15

Macquarie Investment Management in September 2014 closed the 14 Blueprint funds operated by van Eyk Research, due to an unauthorised illiquid asset allocation by UK hedge fund Artefact. The van Eyk firm subsequently collapsed, and buyers were sought from October on by liquidator Moore Stephens. The remaining business is now set to be acquired by Lonsec for some $A1m, while the New Zealand operations are worth $A2m. However sources say that investors in just 10 of the 14 affected Blueprint vehicles have been paid out in full so far, with a further $A20m-plus still outstanding

CORPORATES
VAN EYK RESEARCH LIMITED, VAN EYK BLUEPRINT ABSOLUTE AUSTRALIAN SHARES FUND, VAN EYK BLUEPRINT ABSOLUTE INTERNATIONAL SHARES FUND, VAN EYK BLUEPRINT AUSTRALIAN SHARES FUND, VAN EYK BLUEPRINT BALANCED FUND, VAN EYK BLUEPRINT CAPITAL STABLE FUND, VAN EYK BLUEPRINT DIVERSIFIED INCOME FUND, VAN EYK BLUEPRINT GLOBAL EMERGING MARKETS FUND, VAN EYK BLUEPRINT GOLD BULLION FUND, VAN EYK BLUEPRINT HIGH GROWTH FUND, VAN EYK BLUEPRINT INTERNATIONAL SHARES FUND, VAN EYK BLUEPRINT LISTED PROPERTY AND INFRASTRUCTURE FUND, VAN EYK BLUEPRINT SELECT EQUITIES FUND, VAN EYK BLUEPRINT SMALLER COMPANIES FUND, VAN EYK BLUEPRINT VOLATILITY BUFFER FUND, LONSEC LIMITED, ARTEFACT PARTNERS LLP, PYNE GOULD CORPORATION, MOORE STEPHENS AUSTRALIA PTY LTD, MACQUARIE INVESTMENT MANAGEMENT LIMITED, ARTEFACT PARTNERS GLOBAL OPPORTUNITIES FUND, AUSTRALASIAN WEALTH INVESTMENTS LIMITED – ASX AWI, COMMODITY STRATEGIES LIMITED

Oil prices to stay low for years, JPMorgan warns

January 21, 2015roymorgansocial Leave a comment

Original article by Matt Chambers
The Australian – Page: 17 : 21-Jan-15

JP Morgan has lowered its 2014-15 earnings forecast for Australian-listed resources group BHP Billiton to $US8.3bn ($A10.1bn), or $US1.2bn less than the consensus. A major factor is that JP Morgan also expects the global crude oil price to fall further, and not recover for two years. Brent crude is now tipped to trade at $US49 a barrel in 2015 and $US57 in 2016, compared with previous estimates of $US82 and $US88 respectively. However the Global Energy Fund of Investec Asset Management has taken advantage of the bargain buying opportunity to acquire stock in energy company Santos

CORPORATES
BHP BILLITON LIMITED – ASX BHP, SANTOS LIMITED – ASX STO, WOODSIDE PETROLEUM LIMITED – ASX WPL, BEACH ENERGY LIMITED – ASX BPT, OIL SEARCH LIMITED – ASX OSH, JP MORGAN AUSTRALIA LIMITED, INVESTEC ASSET MANAGEMENT LIMITED, INVESTEC GLOBAL ENERGY FUND, LUKOIL-NEFTEGAZSTROY, CNOOC LIMITED, CHINA NATIONAL OFFSHORE OIL CORPORATION, PETROBRAS, PETROLEO BRASILEIRO SA

Tribeca takes honours as best share fund

January 16, 2015roymorgansocial Leave a comment

Original article by Bianca Hartge-Hazelman, Ruth Liew
The Australian Financial Review – Page: 13 & 24 : 16-Jan-15

Data from Mercer shows that Tribeca Investment Partners’ Alpha Plus Fund achieved a return of 15.7 per cent in calendar 2014. In contrast, the S&P/ASX 300 Index gained just 5.3 per cent. Qantas, Lend Lease and Arrium are among the stocks that helped the Tribeca fund to outperform other Australian share funds. Tribeca’s Sean Fenton is bearish about the mining and resources sector in 2015, and expects sectors that benefit from a higher US dollar to perform well

CORPORATES
TRIBECA INVESTMENT PARTNERS PTY LTD, TRIBECA ALPHA PLUS FUND, QANTAS AIRWAYS LIMITED – ASX QAN, LEND LEASE GROUP LIMITED – ASX LLC, ARRIUM LIMITED – ASX ARI, MERCER INVESTMENTS PTY LTD, STANDARD AND POOR’S ASX 300 INDEX, AMP CAPITAL INVESTORS LIMITED, amp capital investors also use AMP LIMITED – ASX AMP, REGAL FUNDS MANAGEMENT PTY LTD, KATANA ASSET MANAGEMENT LIMITED, STANDARD AND POOR’S ASX 200 INDEX, CALTEX AUSTRALIA LIMITED – ASX CTX, KATANA CAPITAL LIMITED – ASX KAT, MACQUARIE GROUP LIMITED – ASX MQG, HENDERSON GROUP PLC – ASX HGG, PERPETUAL LIMITED – ASX PPT, MEDIBANK PRIVATE LIMITED – ASX MPL, ACADIAN ASSET MANAGEMENT (AUSTRALIA) LIMITED, ALUMINA LIMITED – ASX AWC, AVEO GROUP – ASX AOG, TATTS GROUP LIMITED – ASX TTS, SERVCORP LIMITED – ASX SRV, ANTARES CAPITAL PTY LTD, ALLAN GRAY AUSTRALIA PTY LTD, CBG CAPITAL LIMITED – ASX CBC, LAZARD SELECT AUSTRALIAN EQUITY FUND, INVESTORS MUTUAL LIMITED

Who’ll pick next year’s best stocks: fundies or brokers?

December 19, 2014roymorgansocial Leave a comment

Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 16 : 19-Dec-14

Fund managers and stockbrokers have issued lists of the most promising stocks among Australian-listed companies. The most popular is Aurizon. It appears on many lists of the best shares. Fund managers avoid consumer stocks such as Flight Centre Travel, Myer Holdings, JB Hi-Fi, Metcash and Harvey Norman. Stockbrokers expect a rebound in mining stocks such as Rio Tinto, BHP Billiton, Iluka Resources and Oil Search

CORPORATES
AURIZON HOLDINGS LIMITED – ASX AZJ, CHANT WEST FINANCIAL SERVICES PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, MYER HOLDINGS LIMITED – ASX MYR, JB HI-FI LIMITED – ASX JBH, METCASH LIMITED – ASX MTS, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, CROWN RESORTS LIMITED – ASX CWN, ARISTOCRAT LEISURE LIMITED – ASX ALL, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, ILUKA RESOURCES LIMITED – ASX ILU, OIL SEARCH LIMITED – ASX OSH, FAIRFAX MEDIA LIMITED – ASX FXJ, PERPETUAL LIMITED – ASX PPT, STANDARD AND POOR’S ASX 200 INDEX, CREDIT SUISSE (AUSTRALIA) LIMITED

Fund’s bid to cut costs, lift returns

November 10, 2014roymorgansocial Leave a comment

Original article by Andrew White
The Australian – Page: 19 : 10-Nov-14

The 2014 annual report of industry superannuation fund AustralianSuper shows growth in investment income from $A2.08bn to $A2.9bn and funds under management from $A65bn to $A78bn. Head of equities Innes McKeand also notes that $A8.8bn of the latter has been reallocated to internal managers during the past year, with a target of around $A40bn by 2019. At the moment, all overseas equities are still managed by external providers, such as MFS Institutional Investors, Baillie Gifford Overseas and State Street Global Advisers

CORPORATES
AUSTRALIANSUPER PTY LTD, MFS INSTITUTIONAL ADVISORS (AUSTRALIA) LIMITED, BAILLIE GIFFORD AND COMPANY, STATE STREET GLOBAL ADVISORS AUSTRALIA LIMITED, IFM INVESTORS PTY LTD, ISPT PTY LTD, PERPETUAL LIMITED – ASX PPT, FIL INVESTMENT MANAGEMENT LIMITED, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, AIRLIE FUNDS MANAGEMENT PTY LTD, BENTHAM ASSET MANAGEMENT PTY LTD, PORT BOTANY, PORT KEMBLA, QUEENSLAND MOTORWAYS LIMITED, TRANSURBAN GROUP LIMITED – ASX TCL

Fund managers tap cash to drive further buoyancy

October 29, 2014roymorgansocial Leave a comment

Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 21 : 29-Oct-14

Australia’s benchmark S&P/ASX 200 has risen by 5.5 per cent in the last two weeks, after dipping nearly nine per cent in the previous six weeks. A number of Australian share funds reduced their cash holdings in the September 2014 quarter, according to data from Morningstar. Arnhem Investment Management is among the fund managers to have capitalised on recent share price weakness to increase their exposure to equities

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, MORNINGSTAR PTY LTD, ARNHEM INVESTMENT MANAGEMENT PTY LTD, AIRLIE FUNDS MANAGEMENT PTY LTD, FIDELITY AUSTRALIAN OPPORTUNITIES FUND, PERPETUAL’S INDUSTRIAL SHARE FUND, SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED, AUSBIL DEXIA LIMITED, INVESTORS MUTUAL AUSTRALIAN SHARE FUND, AMCOR LIMITED – ASX AMC, RESMED INCORPORATED – ASX RMD, WOOLWORTHS LIMITED – ASX WOW, MAGELLAN ASSET MANAGEMENT PTY LTD

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