SkyCity and Auck Airport drag market down
In a busy day of company disclosures, SkyCity Entertainment Group and Auckland International Airport helped drag the New Zealand sharemarket down after falling short of investors' expectations.
The S&P/NZX 50 Index closed at 12.880.36, down 153.00 points or 1.17% on Thursday. Across the whole market, there were 41 gainers and 91 decliners, with 40.4m million shares worth $155m changing hands.
The index remained 1.43% down this year, while the benchmark across the Ditch, the S&P/ASX 200, rose 1.34% up for the year an hour before closing.
Seasons greetings
Matthew Goodson, managing ...MORE»
Lock-up vs liquid: why a KiwiSaver cornerstone could changeWednesday, February 19th, 8:08AM 2 comments
With confidence in KiwiSaver underpinned by members’ ability to switch funds types and providers at a drop of hat, just how that will marry with long-term investment in potentially illiquid private assets remains in question. MORE» |
Global brand names in ETFs driving local demandTuesday, February 18th, 6:34AM
Strong client demand for big name US ETFs has prompted investment platform InvestNow to expand its offering of low-cost locally-packaged options. MORE» |
Sponsored Content
Streamline Your Investment Advice with OMNIMax’s New Investment Solution
OMNIMax has launched its latest workflow solution tailored for financial advisers: Investment Adviser Tool. Designed to enhance efficiency and improve client service, the solution incorporates insights from investment advisers to streamline essential processes. MORE »
Invisible AI data trails a clear ESG risk
An almost complete lack of transparency around sources of data for AI will continue to present a challenge to investors looking for exposure to AI themes or to invest in companies using AI in their business, according to global research house MSCI.
An almost complete lack of transparency around sources of data for AI will continue to present a challenge to investors looking for exposure to AI themes or to invest in companies using AI in their business, according to global research house MSCI.
“There's a change happening in the marketplace for data which is going to have a fundamental effect on what AI model developers can do in future, ...MORE»
Financial adviser target-based incentives banned from 31 March 2025Wednesday, February 12th, 9:00AM
From 31 March 2025 the law will prevent financial advice providers* (“FAPs”) from providing most types of direct target-based incentives (based on volume or value metrics) to financial advisers, the direct managers of employed advisers, and others. In this article I consider how this law applies to FAPs and their financial advisers. MORE» |
Struggling savers draining retirement funds to cover living costsTuesday, February 11th, 6:00AM
KiwiSaver members are repeatedly dipping into their funds to get them out of financial hardship in some cases to the extent they’re landing back at a zero balance. MORE» |
|
News Bites
|
TAPping into AI
The Adviser Platform (TAP) has launched an AI-powered tool to help financial advisers save time preparing client advice. MORE»
|
GoodReturns TV
|
[GRTV] Stronger and more unified voice needed to force KiwiSaver changes
The Retirement Commissioner Jane Wrightson talks to Philip Macalister about changes she would like to see made to KiwiSaver. MORE»
Back to the future
Many markets have enjoyed a very positive start to the year. The Dow surged 4.7% in January, while the S&P500 advanced 2.8% and the Nasdaq rose 1.6%. European indices rose nearly 7% to record highs and the UK’s FTSE100 surged over 6%... MORE»
|
Sponsored by: |
|
[Opinion] Are life advisers required to be proactive?
Steve Wright asks; How proactive are life advisers expected to be with their existing clients? The answer is not straightforward. MORE»
|
TMM Online
|
RBNZ: half of all mortgages to reprice over next six months
About half of all mortgages will reprice over the next six months, given the recent propensity for borrowers to fix for only six months at a time in the expectation of falling interest rates. MORE»
|
Sponsored by: |
|
Changes at Asteron post sale
Asteron Life has made some key changes to its board and leadership team following the recent acquisition by Resolution Life Australasia. MORE»
|
Sponsored by: |
|
Lock-up vs liquid: why a KiwiSaver cornerstone could change
With confidence in KiwiSaver underpinned by members’ ability to switch funds types and providers at a drop of hat, just how that will marry with long-term investment in potentially illiquid private assets remains in question. MORE»
