Reports out of Australia say it is getting harder for Royal & SunAlliance to sell its Australian and New Zealand assets.

Economist Gareth Morgan has painted a gloomier outlook for world markets, compared to several high profile fund managers.

Wellington

Mortgage funds, although lacking the slightest hint of sex appeal, are the hottest asset class in the managed fund sector at the moment.

One of New Zealand’s fastest growing financial services organisations, SBS (Southland Building Society), has recently launched a range of unit trusts called Lifestages.

Tower's decision to join the ISI is expected to give the organisation more strength and leverage.

The Reserve Bank has decided to leave the Official Cash Rate at 5.75% due to the state of world markets.

Trustees Executors explains the reasons for having a will and how they work.

Christchurch

Three major fund managers presented near identical views on the outlook for international shares at the ASFONZ conference yesterday.

In this quarter's strategy paper Arcus looks at the volatility of international equity markets and the inflation implications of a period of low interest rates.

Asset out now, OCR preview, Emerging market fund closes, Bond sell down.