Market-timers get burnt

Article Abstract:

Funds reported an average loss of 4.1% on investments in balanced superannuation portfolios, assets consultants and fund managers are arguing about whether it is time for a change in the way long-term savings are invested in the end of the 2001-02 financial year. The combination of declining returns and increasing volatility suggests a need for more caution in portfolio construction.

Author: Kavanagh, John
Commercial Banks, Investment Banking and Securities Dealing, Sales, profits & dividends, Portfolio Management, Portfolio & Funds Management, Company sales and earnings, Company earnings/profit, Business losses

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A different derivative

Article Abstract:

A new type of financial derivative, i.e., "contract for difference", is fast becoming popular with Australian finance companies. The salient aspects of the financial instrument are discussed.

Author: Kavanagh, John
Services information, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Analysis, Services, Derivatives (Financial instruments), Securities industry

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Subjects list: Australia
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