The roller coaster ride continues; Stocks up on Trump tariff U-Turn

New Zealand stocks, up more than 3% overall, joined a staggering turnaround by offshore sharemarkets when President Donald Trump pressed the pause button on US tariffs for 90 days, except for China.

After Wall Street regained most of its losses of the previous four sessions, the S&P/NZX 50 Index surged at the opening and then traded smoothly to close at 12,201.43, up 394.88 points or 3.34%.

The index reached an intraday high of 12,325.58 points, and it was one of the biggest single-day rises ever, beating the 3.1% gain on June 8, 2020. The index was at 12,225,28 points on April 4 when the ...MORE»

Volatility and Illiquidity to become KiwiSaver norm Thursday, April 10th, 6:08AM Advisers will need to do plenty of client hand-holding as balances increasingly battle volatility and managers delve into more illiquid assets, according to research house Morningstar. MORE»

Let the dust settle on CoFI says former exec Wednesday, April 9th, 6:26AM  6 comments A week into the CoFI regime one industry commentator says consumers do stand to benefit from providers having to work hard to ensure they hold on to their licences. MORE»

Knowledge gap a challenge for advice sector

Much of the financial advice world still lacks the specialist knowledge required to meet investors’ expectations for advising them on ethical and responsible investment choices, according to the latest survey by Mindful Money and the Responsible Investment Association Australasia.

Much of the financial advice world still lacks the specialist knowledge required to meet investors’ expectations for advising them on ethical and responsible investment choices, according to the latest survey by Mindful Money and the Responsible Investment Association Australasia.

The report, Voices of Aotearoa: Demand for Ethical Investment in New Zealand 2025, released Monday, shows how financial ...MORE»

Collective action underway to promote advice Tuesday, April 8th, 6:48AM The reputation of the advice sector is up for a makeover with a collaboration between the Retirement Commission and Financial Advice New Zealand to help promote the value advisers bring to their clients’ lives. MORE»

Trust Management gets a new view on bonds Monday, April 7th, 6:02AM Ethical fund manager Trust Management has entered into a partnership with one of the world’s largest asset managers to manage bonds. MORE»

News Bites

TA Associates deal to buy Craigs stake clears hurdles

Craigs Investment Partners shareholder have approved a proposal to sell a 50% share in the company to global private equity firm TA Associates. MORE»

GoodReturns TV

[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»

Harbour Outlook: Escalating trade tensions impact markets

In early April, the US announced more aggressive than expected increases in import tariffs, which incorporate a reciprocal tariff programme with a minimum 10% on all countries, including Australia and New Zealand. MORE»

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After short delay nib life takes off

nib says its new Ultimate Life and Living Insurance suite of products will be available to advisers from Wednesday after, after delaying the initial launch date. MORE»

TMM Online

Advisers to be educated on lending for businesses

Newly minted HomeSec New Zealand manager Ziggy Munz is confident residential mortgage advisers will be able to add another arrow to their lending bow after an education programme he is planning. MORE»

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Generate promotes one of its distribution team

Generate appoints Marc Grigg as national investment distribution manager. MORE»

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Volatility and Illiquidity to become KiwiSaver norm

Advisers will need to do plenty of client hand-holding as balances increasingly battle volatility and managers delve into more illiquid assets, according to research house Morningstar. MORE»