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THE corporate regulator is preparing a crackdown on the $400billion-plus property finance sector in an attempt to curb a spate of collapses in the high-risk market dominated by mum and dad investors.

The move follows the release yesterday by the Australian Securities and Investments Commission of a report into its investigation of 94 unlisted companies operating in the $8 billion property “debenture” finance industry. Read more

Bottom Line A sea change in market psychology is underway. Even amid the
arrival of repeatedly negative economic data (joblessness up, housing activity
down), yields and equity prices rose sharply last week. Fed speakers, including
erstwhile doves Yellen and Rosengren, seem to be in unison, calling for an
abrupt end to the Fed’s aggressive monetary policy stance. Read more

A $1.2 million tourism campaign will highlight the biggest events in Sydney’s calendar in a bid to attract more visitors to the city, the NSW government says.

State Tourism Minister Brown officially launched the campaign - dubbed Sydney, Designed to Inspire - at a breakfast at the city’s Museum of Contemporary Art on Tuesday. Read more

HwangDBS Investment Management Bhd chief investment officer David Ng said firstly, investing should not be about chasing the latest fad as doing so could work against the investor.

“Investors must always bear in mind their personal investment goals, risk tolerance level, time horizon and then asset allocate accordingly.”

“We think investors should consider having exposure to low-risk income-type funds as the returns from such funds will hopefully offset the impact of inflation on one’s purchasing power.

“Another interesting alternative would be to invest in commodities due to their historically low co-relation with the equities markets,” Ng said . Read more