NZ sharemarket steady as Australian regulator clears path for Fonterra consumer arm sale
The NZ sharemarket was virtually flat today while the Australian competition regulator gave some good news to a potential buyer of Fonterra’s consumer business.
On the main board, the S&P/NZX 50 Index closed down 0.07% or 8.409 points, falling to 12,760.20, with 29,064,025 shares changing hands to the value of $96 million.
The S&P/NZX 20 index closed at 7464.50, down 0.11%, while the S&P/NZX 10 index ended the day at 12,397.43, a fall of 0.18%.
There were 74 gainers on the main board and 60 decliners.
Fonterra go-ahead
The Australian Competition ...MORE»
Jarden Securities ex-wealth lifts annual net profit 26%Tuesday, July 8th, 4:42PM
Jarden Securities' annual net profit excluding the since-sold wealth management business jumped 26% while revealing that investment banking and unrealised capital gains contributed the bulk of the increase. MORE» |
Adviser feedback spurs AIA coverage updatesMonday, July 7th, 6:37AM
Changes included buyback options for life cover and an expanded out-of-hospital cardiac arrest definition. MORE» |
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Nikko expands Goals Getter fund range
In a week of new fund offerings Nikko is the latest to add new funds to its offering.
It has added two new aggressive funds to its GoalsGetter multi-manager KiwiSaver scheme to help advisers de-risk high growth strategies for clients.
With the addition of Milford Aggressive and new Nikko AM High Growth Fund alongside Generate Focused Growth Fund means returns-focused retirement savers can now spread their risk across three quality funds with a minimum 95% weighting to growth assets ...MORE»
A new PIE with a different flavourThursday, July 3rd, 8:27AM
Insync Funds Management, a long-established specialist global equities manager based in Sydney, has registered the PIE version of its flagship Insync Global Quality Equity Fund. MORE» |
Going for good growthTuesday, July 1st, 8:05AM
Pathfinder is adding a High Growth fund to its KiwiSaver product suite in response to growing consumer demand. MORE» |
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