News Round Up
...And the winners are, Two new share investment books, CBA exits IPAC
Tuesday, June 19th 2001, 12:31AM...And the winners are
The winners of two recent promotions run by Good Returns are Ian Douglas and Rob Arblaster.
Ian Douglas won the quiz which has been running on SuperTalk (www.supertalk.co.nz) - the part of the site which is dedicated to superannuation issues. (To find out the correct answers to the quiz click here).
His prize is a bottle of fine Marlborough sparkling wine.
The other winner is Rob Arblaster of Risk Strategies & Solutions Limited, in Auckland.
Arblaster's name was drawn from all the people who registered for the Financial Planners and Insurance Advisers Conference online through Good Returns.
He has won a copy of Irrational Exuberance, by Prof Robert Shiller valued at $44.95.
It's still not too late to register for this year's FPIA conference online. To register click here
New share investing books
The two latest books available through the bookstore are ideal for people who invest in shares.
The New Zealand Investment Yearbook:
Price $25.95 To order your copyclick here
This book, which is published annually, is always popular with Good Returns' readers. It contains a huge amount of information about all the companies listed on the New Zealand Stock Exchange.
Each company is profiled, along with valuable information including financial summaries, balance sheet information, shareholder details and graphs of price performance.
This book is a must for anyone who invests in New Zealand shares.
Shares: 7 Ways to Beat the Market
Price $29.95 To order your copyclick here
7 Ways to Beat the Marketis a fresh look at making money from the share market. It is written by Martin Hawes - one of New Zealand's most successful financial writers. In the book Hawes provides guidelines for a sensible, intelligent, informed approach to investing.
7 Ways to Beat the Market featured in the weekend's Sunday Star Times.
CBA exits IPAC
The Commonwealth Bank of Australia has sold its 50% stake in IPAC Securities Australia to a combination of IPAC directors and UBS Capital.
IPAC in New Zealand was recently bought out by its management and has been renamed FundSource.
UBS now holds a 30% stake in IPAC Australia, which is a financial planning and master trust business as opposed to a fund research one.
CBA bought into IPAC in 1997.
Under the IPAC/CBA releationship IPAC provided the bank with assistance in development of the its financial planning arm. This involved IPAC providing CBA with its own unique financial planning business model.
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