News Round Up
Shares look OK, Guardian Trust launches new fund, First sponsor signs, ORC's new campaign
Monday, September 24th 2001, 6:47AM
The Morningstar expert asset allocation panel reckons that that setbacks to world share prices following the terrorist attacks in the United States, have created a strong case for favouring shares over other asset classes in the next year.
"The immediate short term outlook for markets over the next few months remains highly unclear, panel chairman Donal Curtin says.
"With investor confidence severely shaken we can probably expect further flows out of shares into safe havens such as cash and bonds for a while yet.
"However, the outlook for shares is considerably more positive looking forward over the next 12 months with strong monetary and fiscal stimuli coming through in a number of countries, especially in the US."
Guardian launch new fund
Guardian Trust has launched a new trans-Tasman equity fund aimed at complementing its successful smaller companies fund.
The new group investment fund will be actively managed and will have a wider mandate and a heavier weighting towards Australian companies than the Small Companies fund.
The investment objective is to beat the benchmark indices by 3% annually before fees.
How to become a Financial Planner
The Auckland branch of the Financial Planners and Insurance Advisers Association is holding a seminar on How to Become A Financial Adviser tomorrow.
Good Returns is wholly-supportive of such initiatives.
To find out more about this seminar click here.
First sponsor signs
AMP Financial Services has signed up as the first platinum sponsor for next year's Financial Planners and Insurance Advisers conference.
The conference, called Taking Charge, will be held in Palmerston North from July 18-20, 2002.
To find out more about the conference and to register online Click Here or use the FPIA Convention button on the left hand side of this page.
ORC on the 'net
The Office of the Retirement Commissioner is to release its new public education campaign later this week.
This year the office has centered its campaign around its website because it suffered a major funding cut in this year's budget round.
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