NZX sharemarket flat, up 0.02%
The New Zealand sharemarket finished flat after a sharp late fall as investors eagerly awaited a further interest rate cut in the United States.
After making steady gains throughout the day, the S&P/NZX 50 Index dipped from 13,516.19 in the last hour of trading and closed at 13,486.32, up 2.3 points or 0.02%.
There were 62 gainers and 81 decliners on the main board with 32.2 million shares worth $120.5m changing hands.
'The impact will live on'
Shane Solly, portfolio manager with Harbour Asset Management, said the market ...MORE»
The Technology Everyone Got Right (but it didn’t necessarily make them rich)Monday, December 8th, 9:24AM
Most pundits are comparing the today’s AI boom to the Dot-Com/Telecoms bubble of the late 1990’s. It is a tempting analogy, it had hype, over-investment and soaring expectations, but it wasn’t a technology that rewired the entire economy. MORE» |
FMA chair Stobo under investigationFriday, December 5th, 6:37PM
Financial Markets Authority chairman Craig Stobo has stepped down pending an investigation. MORE» |
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Golden moment as new funds go live
Newcomer Aurellan Asset Management has lodged its investment documents with the Disclose site.
The fund manager, established by Anthony Edmonds and former Harbour portfolio manager Chris di Liva, will offer two global share funds – one hedged and one unhedged.
The fund documents specify it “has engaged a global research partner, who will assist Aurellan with selecting and appointing underlying investment managers.”
“These underlying investment managers will be responsible ...MORE»
Castlepoint funds take unexpected hitThursday, December 4th, 8:31AM
Two of Castlepoint's funds have taken an unexpected hit following accounting irregularities in one of their long term holdings, Corporate Travel Management (CTD). MORE» |
Another FAP licence taken awayWednesday, December 3rd, 9:46AM
An adviser collected over $37,000 in upfront commissions obtained through misleading clients, while others overpaid for two same or similar policies. MORE» |
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News Bites
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Castlepoint funds take unexpected hit
Two of Castlepoint's funds have taken an unexpected hit following accounting irregularities in one of their long term holdings, Corporate Travel Management (CTD). MORE»
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GoodReturns TV
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Fisher Funds moves to woo advisers back
After years of neglecting the adviser market, the investment manager is going on the charm offensive. MORE»
The Technology Everyone Got Right (but it didn’t necessarily make them rich)
Most pundits are comparing the today’s AI boom to the Dot-Com/Telecoms bubble of the late 1990’s. It is a tempting analogy, it had hype, over-investment and soaring expectations, but it wasn’t a technology that rewired the entire economy. MORE»
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AIA launches cheaper trauma product aimed at cost-pressed customers
The new trauma product costs 60-70% less for most customers, but only covers severe conditions. MORE»
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TMM Online
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Chapter of economic bad news closing - ASB
New Zealand’s economy is putting recession in its rear-view mirror, with the recovery expected to pick up next year, ASB’s latest Quarterly Economic Forecast says. MORE»
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Clarity for Clarity Funds
Clarity Funds Management has appointed a new chief executive. MORE»
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Paying advisers for KiwiSaver advice
Amova (nee Nikko) has rolled out a new remuneration option for advisers offering KiwiSaver advice. MORE»
