NZX 50 index gains 0.2%; SkyCity loses spot on the 20
SkyCity Entertainment Group reversed gains made earlier in the week after it fell victim to an index reshuffle.
The S&P/NZX 50 climbed 0.2% to 12,564.420 with about 35.3 million shares changing hands, amounting to $118.7 million in value traded.
Harbour Asset Management portfolio manager Shane Solly said Fisher & Paykel Healthcare helped keep the index in the green by leading volumes and rising 1.83% to $36.76.
Despite ending the day relatively flat, Solly said the day got off to a positive start with ...MORE»
Familiar names take top ethical investing awardsSaturday, June 7th, 12:00AM 2 comments
Unusually, there were joint winners of the Best Ethical Financial Adviser award for 2025. MORE» |
Fisher Funds set to be biggest KiwiSaver PE playerFriday, June 6th, 6:01AM
Fisher Funds has is planning to invest $1 billion of KiwiSaver funds into private equity. MORE» |
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FMA tells commerce minister CoFI is essential
The Financial Markets Authority (FMA) says the Conduct of Financial Institutions (CoFI) regime “is essential” for it and that the licensing process is complete for most providers with supervision and monitoring work now underway.
The Financial Markets Authority (FMA) says the Conduct of Financial Institutions (CoFI) regime “is essential” for it and that the licensing process is complete for most providers with supervision and monitoring work now underway.
In response to commerce and consumer affairs minister Scott Simpson’s letter of expectations, FMA chair Craig Stobo says the regulator wrote to all relevant ...MORE»
Harbour spins out private credit portfolio as a stand-alone fundWednesday, June 4th, 8:14AM
Providing investments in private credit to retail investors is still a fledgling opportunity in New Zealand, although Harbour Asset Management started putting toes in the private credit market about seven years ago. MORE» |
Harbour ponders drivers of ESG pull backMonday, June 2nd, 6:00AM 1 comment
Finding the balance between disclosure and modesty is key to avoiding getting caught up in the ESG backlash and maintaining clients’ trust, according to Harbour Asset Management’s responsible investment team. MORE» |
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News Bites
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InvestNow adds another low-cost Foundation fund
InvestNow has launched the Foundation Series Nasdaq-100 Fund, which offers exposure to the Nasdaq-100 Index through a Portfolio Investment Entity (PIE) fund structure, with low fees and added tax advantages. MORE»
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GoodReturns TV
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[GRTV] Antipodes portfolio manager discusses emerging markets fund's potential amid volatility
Antipodes Portfolio Manager John Stavliotis discusses the opportunities in emerging markets, their strong growth potential and diversification benefits. MORE»
Staying in May
The old market adage about “selling in May and going away” turned out to be the antithesis of sage advice. Stock markets globally performed strongly last month, with investors encouraged by what appeared to be a de-escalation of trade frictions. The White House rolled out its first deal with the UK, European tariffs were paused, while tensions also cooled a little between the US and China, with both agreeing to bring tariffs down from nosebleed levels. MORE»
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Why Australians live so long
The Economist has an article on the matter of Australian longevity, noting that Australians outlive their anglophone peers by a significant margin. MORE»
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TMM Online
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KiwiSaver scheme funding new cheap floating rate start up
A new fintech is offering residential floating mortgages funded by KiwiSaver scheme Generate at rates well below the major banks. MORE»
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Russell Investments appoints Head of Investments
Russell Investments has appointed Andrew Pease as Head of Investments, Asia-Pacific, reinforcing the firm’s continued commitment to investment excellence and strong client outcomes across the region. MORE»
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KiwiSaver contribution rates to increase; Cuts to Govt contribution
The Government is increasing contribution rates to KiwiSaver, but at the same time reducing, and in some cases, removing the member tax credit. MORE»
