Latitude IPO: moderate-growth in a low-growth market

Latitude Financial Group’s prospectus, which was launched last week, aims to sell a picture of a company that is well positioned for growth. But what emerges from the offer document is a business that has focused on efficiency, rather than…

Exploring simple corporate bonds

Financial services group Australian Unity has tapped the little-used simple corporate bond market, launching two new series bonds on the Australian Securities Exchange. The health insurer, fund manager, banker and retirement living group is seeking to raise a total of…

The bigger the ETF the better

Investors considering different exchange traded fund options will usually have a better outcome selecting a bigger ETF over a small one, according to new research. Morningstar has analysed the trading history of listed funds and found that big ETFs have…

June half IPO winners

It was a sluggish start to the year for initial public offerings (IPOs), with a fall in the number of new ASX listings during the six months to June. But their share price performance was better than previous years. The…

Sharemarket returns a mixed bag

The Australian sharemarket recorded a total return (share price growth plus dividends) of 11.5 per cent in the year to 30 June. After falling in the December quarter, the market had a big turnaround in the six months to June…

IT, consumer staples lead the ASX higher

Australian equities continued to rise in April, with the information technology, consumer staples and consumer discretionary sectors leading the way. The S&P/ASX 300 rose 2.5 per cent in April and is up 10.3 per cent over the 12 months to…

IPOs flop

Last year’s initial public offerings failed to produce returns for investors – falling from their issue prices by an average of 18 per cent by year end. It was the worst performance for IPOs on the ASX since 2011. Only…

Australian equity managers miss their benchmarks

Only a minority of Australian equity fund managers beat the market index last year and even fewer were able to produce positive returns. It was not a good year to be invested in the small caps or microcaps, long-short equity…

New Telstra, Ausnet XTB listings

Australian Corporate Bond Company has topped up its list of ASX-listed XTB corporate debt securities with the listing five new XTBs, offering yields ranging from 3.4 per cent to 3.9 per cent. The five new XTBs are: Telstra bonds maturing…

Westfield emerges with European partner ‘offering’ high-yield, high-growth double

Macquarie Securities has initiated coverage of recent listing, global property group Unibail-Rodamco-Westfield (ASX: URW), giving the stock an “outperform” recommendation and an attractive target price. URW is the product of the merger of Westfield with French property group Unibail-Rodamco. Westfield…