Warren Buffet thinks that stocks all over the world are attractively priced right now. He seems to have an awful lot of confidence in US equities and is putting his money where his mouth is. In fact I would have to agree with him and my own personal view is they do seem cheap to me. But just after I bought some equities at the beginning of November, world equity markets went into free fall and I found myself having to return time and again to Mr. Buffet’s op-ed piece in the New York Times for comfort, when the pain it seemed, was just too much to bare.
Australian wealth manager AMP in a sign that the market for capital raising is thawing somewhat, managed to raise a higher than expected amount on strong demand from institutional investors. The company initially wanted to raise a modest A$ 400 million through a placement, but following strong demand from institutional investors, the offer size was [...]
Australian Wealth Management firms have broadly rejected the Government proposal, that frozen mortgage funds should in fact become banks. The Fund Management companies claim this will not help tens of thousands of retirees to access almost A$ 14 billion in savings. Some management companies who were initially cautious, welcomed the news, but said they sought [...]
Australia’s securities regulator the Australian Securities & Investments Commission (ASIC) has modified a law so that people who are unable to access their investments because mortgage fund managers have suspended redemptions, will have access to some of the money that has been invested. The Commission has re-drafted the Corporation Act. Investors will now have access [...]
Last month as investors descended into outright panic as marquee names in finance began declaring bankruptcy, were being nationalised, or quickly sold themselves off to merger partners before either of the other two outcomes could occur. The yield on 3 month US Treasury Bills were for a very short time actually negative. Investors were actually [...]