Fund Manager Market Update
The global economic recovery is gaining speed.
We estimate that worldwide real GDP increased 2.2%in the second quarter on an annualized basis, following sharp contractions in the previous two quarters.
Economic growth appears to be markedly stronger in the third quarter, evident from the recovery in the manufacturing sector across the globe.
Business Insurance
Most business owners protect the assets on their balance sheet such as plant, premises and equipment, but a business has something far more valuable than physical or financial assets. The most important asset a business has is its people. It is the human values of knowledge, skill, experience, creativity and leadership that enables a business to prosper and grow.
Without key individuals, most small to medium sized businesses (SMEs) would be unlikely to reach their full potential. In fact, the exit of a key person or owner could cause serious financial stress or worse still, may cause the business to fail.
Given this, SME's need to consider the value of having a documented business contingency plan which addresses both the voluntary and involuntary exit of an owner or key person from the business.
Responsible Investment article
Responsible Investment 2008 is the 8th annual Benchmark Report commissioned by RIAA and the fifth report based on
research carried out by Corporate Monitor.
Its aim is fourfold: to update figures for the 2007-08 financial year for the
various forms and segments of responsible investment, to present analysis of its level of growth (or decline), to show
comparisons with the total managed investment market and to provide a summary of the latest reported overseas figures.
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