Global fund with a difference, PAA negotiates a discount, More finance company research becoming available, BRIC index launched, Opio assets fetch premium. Comment: Best own goal.

A Cabinet paper on regulation of the advisory industry has been signed off by Commerce Minister Lianne Dalziel this week and is likely to be released in early July.

FPIA Coference 2006

Australian fund manager MFS is selling 60% of its New Zealand operations to a group of financial investors in both Australia and New Zealand including a subsidiary of the Babcock & Brown Group.

MFS sells 60% of company, Belgrave points out why it is different, ABN Amro cash fund passes $500 million mark.

Auckland

National Party Housing spokesman Phil Heatley says the government should consider saying goodbye to its Welcome Home Loan scheme.

AMP and Sentinel in deal, Viking launch delayed. Comment: Why the silence on Provincial?

Praesidium Asset Management has launched a $27 million fixed interest offering under its mortgage trust format that follows on from its earlier offer in 2002.

The New Zealand Superannuation Fund has awarded a global multi-strategy mandate to Grantham, Mayo, van Otterloo & Co (GMO).

Auckland

This quarter’s Spicers Household Savings Indicators show the strongest rise in average net household wealth for two years.