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Wednesday, 2nd September 2015

John Smiles

Qualified Financial Advisor

Where are Multi-Asset Managers investing our money?

Multi-asset fund managers can invest your cash in stocks, bonds or alternatives anywhere in the world. It’s an incredibly broad sector with two funds looking completely different but both are grouped in the same sector.

However, it's a good indicator of where markets lie because these are professional investors that can choose between investing in bonds and equities, anywhere in the world, so they are quite a good indicator of where the best opportunities are.

The two biggest asset classes are bonds and equities. At the moment, multi-asset managers are more cautious of bonds than they are of equities. In particular, they are more cautious of government bonds than corporate bonds on the basis that they feel that the yields are so low at the moment that they don't cover for the risk

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Wednesday, 2nd September 2015

Ryecroft, John’s Hill, Waterford

4 bed detached family home located in the sought after residential area of Johns Hill, Waterford. Immediately adjacent to St Annes Lawn Tennis Club, this spacious property is within walking distance of shops and a choice of excellent schools including St John of Gods, De La Salle and The Ursuline. Rarely does a property of this caliber come to the market in such a desirable location.

Accommodation comprises of entrance porch, entrance hallway, spacious sitting room, lounge, sun filled sun room, kitchen/diner, utility room and downstairs shower room with WC. First floor comprises 4 bedrooms and bathroom.

This substantial home enjoys spacious gardens to the rear with decking area & patio area and is surrounded by mature shrubbery. It also benefits from a large imprinted concrete driveway to the front with

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Wednesday, 2nd September 2015

Collr. Jason Murphy, a Fianna Fail members of Waterford City and County Council has criticised the actions of some financial institutions for exerting what he termed as unacceptable pressure on former Crystal workers who are in line for substantial pension and lump sums.

He said that recipients of long overdue pensions had been subject immediately to phone calls asking for repayment on loans. Many of the workers had contacted him to explain their dismay at the speed in which the creditors were on to the pensioners seeking repayment of debts due to them.

"Waterford Crystal workers contributed significantly to the local economy, they contributed significantly to the exchequer and their contribution to charity is unrivalled. While in employment they were in a position to borrow and pay back their loans. They were not to know that the company would go into liquidation

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Wednesday, 26th August 2015

The average age of the first time buyer in Ireland has risen by four years to 33 over the past decade, with a leading estate agency group predicting that this figure may rise sharply over the next few years.

In 2005 the average first time buyer in Ireland was approximately 29 years old, but, according to a Real Estate Alliance (REA) survey, this figure has increased by 14% and is still rising due to a combination of circumstances.

The financial impediments placed in front of our returning emigrants combined with high rents and the introduction of the mortgage deposit rules have combined to create a situation that is increasingly delaying the entry of young people into the housing market.

"While many young people are now returning from abroad with the growth in the economy, they are finding it difficult to secure mortgage approval

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Wednesday, 26th August 2015

John Smiles

Qualified Financial Advisor.

Can shareholders influence corporate governance?

Globally, there is growing interest in responsible investing practices, particularly in the integration of environmental, social, and corporate governance (ESG) factors into investment management.

Increasingly, fund managers are beginning to see corporate governance considerations as another way to add value to the overall investment process. This stems from investors' belief that stronger governance practices will be reflected in higher security prices through a combination of lower discount rates and higher cash flows.

There are three steps fund managers will take on behalf of their clients to influence corporate governance policy.

1. Proxy voting: This is the act of exercising voting rights as a shareholder. Voting is the main tool for influencing the board of directors elected to manage a company on shareholders' behalf. Fund managers who represent large institutional investors control votes that can make a

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Wednesday, 26th August 2015

Shipments of equipment components from the German supplier Siempelkamp destined for Coillte SmartPly pictured arriving at Belview Port in Co. Kilkenny. The Belview facility is undergoing a €59M investment in their panel product manufacturing line that will increase the production capability of SmartPly and will secure the plant as one of the South East region's biggest exporters.

Major components for the upgraded line will be delivered over the coming weeks and assembled in situ in the new recently constructed building.

Neil Foot Managing Director of Coillte Panel Products said, "This is a very important time for Coillte as we take delivery of state of the art wood panel manufacturing equipment that will further enable SmartPly to be a leading supplier of sustainable, innovative OSB

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Wednesday, 19th August 2015

15,000 farmers are in line to receive Glanbia plc spin-out shares to the value of €190m. next month.

The share price in Glanbia based in Kilkenny has climbed from just over @14 in February to almost €19.50. However, Investec analyst Ian Huggard said it was unlikely that a flood of shares would enter the market as shareholders tend to hold onto these shares for 'rainy day funds.'

He said that the market expected many of the farmers to hold onto the shares as retirement next eggs and in other cases to help cash flow problems in the future to hedge against falling milk prices.

Mr. Huggard said that the agri-business sector and Glanbia as a whole does look a "bit expensive", but the Co-op has experienced massive international growth. He made the

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Wednesday, 19th August 2015

John Smiles

Qualified Financial Advisor

How will Greece affect investment returns?

For investors everywhere, the stand-off between debt-laden Greece and its international lenders has been fast-paced and difficult to keep up with and speculation about possible outcomes has been intense. While no-one knows the eventual outcome, this is a story has been percolating now for six years, since Greece's credit rating was downgraded by three leading agencies amid fears the government would default on its debt.

Since then, the Greek situation has faded in and out of public attention as rescue packages came and went and as widespread social and political unrest gripped a nation known as the birthplace of democracy.

Despite the blanket media coverage of Greece, this is a tiny economy, ranking 51st in the world by GDP in purchasing power parity terms (which takes into account the relative cost of local goods).

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Wednesday, 12th August 2015

Govt determined to recoup every cent of

taxpayers’ money from AIB – Cummins

Waterford City’s Maurice Cummins, Leader of the Seanad has said that the Government is determined to recoup every cent of the taxpayers’ money from AIB. Senator Cummins was speaking after today’s set of results from AIB show a strong financial performance putting the taxpayer in a good position to recoup their €20.8 billion investment.

"AIB results today report a profit before tax of €1.2 billion, an increase of €0.8 billion on the same period in 2014. This is not just good news for the bank itself, but more importantly for the Irish taxpayer. €20.8 billion of Irish taxpayers’ money was pumped into AIB as a result of the economic crisis and I welcome AIB’s indication that they are now well positioned to start returning material amounts of capital to the

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Wednesday, 12th August 2015

John Smiles

Qualified Financial Advisor

Where are people investing their money?

Based on recent UK data from Morningstar, it seems that Investors are dumping bond funds like never before and selling up their fixed income allocation in favour of Absolute Return funds and commercial property investments.

Corporate bond funds recorded the worst quarter on record for the three months to the end of June, with outflows of £536 million. May 2015 saw investors sell £220 million worth of corporate bond funds - significantly more than previous lows in June 2006 and March 2011.

Fund flows by Investment Association sector displayed a similar story, with the strategic bond sector recording outflows of £2.6 billion in the second quarter - the largest outflows on record.

April May and June each separately topped the worst previous months on record, with June seeing outflows of £1.3 billion. The worst hit

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