Washington H. Soul Pattinson and Co Ltd
The Aussie Buffett strikes again: Soul Patts seals $14b deal with Brickworks
One of the intriguing questions for Australian investors is whether there are any local companies whose performance compares with famous offshore names such as Warren Buffett’s Berkshire Hathaway. It turns out we have quite a few of them, although not many are as closely tied to the identity of a single famous investor, which is […]
Soul Pattinson and Brickworks set to end 56 years of cross-ownership with $14b merger
Diversified investment house Washington H Soul Pattinson (ASX: SOL) has announced it will merge with industrial group Brickworks (ASX: BKW) to create a $14 billion private capital, property and building products powerhouse. The proposed merger will end decades of cross-ownership first cemented in 1969, whereby Soul Pattinson owns 43% of Brickworks and Brickworks has a […]
ETFs surge as passive investment overtakes active management in Australia
One of the big trends in Australia – and the rest of the world – has been the triumph of passive investment vehicles such as exchange traded funds over the traditional fund managers and their star stock pickers. In Australia ASX figures show that ETF investment hit an amazing $200 billion towards the end of […]
ETFs growing fast as younger investors aim for low costs
If there is a breakthrough financial product tailor made for the times we live in, it is the humble exchange traded fund or ETF. While funds that track share market indices are quite old now, it is only in recent years that their popularity has soared. The idea behind ETFs is simplicity itself – instead […]