F&P Healthcare buoys NZX50 ahead of Mag7 earnings, Fed decision
RBA still seen hiking next week as energy shock starts to bite.
New Zealand’s S&P/NZX 50 index edged higher as Fisher & Paykel Healthcare did the heavy lifting in a subdued trading session ahead of earnings by four of the Magnificent 7 megacap stocks overnight and the Federal Reserve’s last rate decision under the chairmanship of Jerome Powell.
The local bourse was weaker through much of the day as KMD Brands was dragged near its recent offering ...MORE»
ANZ's growth and balanced KiwiSaver returns take first placeWednesday, April 29th, 8:47AM
Every dog has its day, they say, and ANZ’s growth and balanced KiwiSaver options were the best performers in their categories in a March quarter that delivered negative returns across the board. MORE» |
NZX50 sinks on return from long weekend; My Food Bag rallies on reviewTuesday, April 28th, 6:17PM
Ampol-owned Z Energy will supply extra diesel for the expanded Marsden Point storage. MORE» |
Sponsored Content
New fund range answers adviser call for flexible KiwiSaver alternative
Booster’s Wealth Series is the Wellington-based fund manager’s answer for investors looking to combine a level of active management with competitive value. MORE »
Moneta: Strengthening KiwiSaver advice with digital tools from OMNIMax
KiwiSaver had always been part of client conversations at Moneta. But as compliance expectations increased and clients began expecting faster, clearer, and more digital experiences, the team saw an opportunity to enhance the way they delivered KiwiSaver advice. MORE »
KiwiSaver value for money not set and forget
Financial advisers need to remember that value-for-money is an ongoing expectation in KiwiSaver, one financial advice technology specialist says, not something that can be dealt with once and ticked off.
Rajat Vats, founder of Nuvano, noted there was a wide range of fees being charged by KiwiSaver providers, from under 30 basis points at Simplicity and Kernel through to more than 1.3 percent at NZ Funds and AE KiwiSaver.
He said the average excess return compared to benchmark across funds with 10 years of data to report was -1.42 percent.
But on an absolute return basis, eight of the to 10 performers ...MORE»
NZ Super Fund ruling likely to increase scrutiny on investment processesWednesday, April 22nd, 6:21AM
Fund managers are considering the implications of a High Court ruling which found the NZ Super Fund did not properly address human rights issues in its investing. MORE» |
Court ruling likely to concern KiwiSaver managersSunday, April 19th, 2:11AM
A High Court ruling last week against the NZ Super Funds’ sustainable investment policy is likely to concern KiwiSaver managers. MORE» |
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News Bites
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FMA to tackle Finfluencers
The Financial Markets Authority has joined regulators across the globe in a co-ordinated Global Week of Action Against Unlawful Finfluencers to tackle the risks involved with unlawful financial promotions by online influencers. 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»
Markets intepret OCR review to be on the hawkish side
Financial markets have interpreted the Reserve Bank’s official cash rate (OCR) decision as somewhat more hawkish than expected, pushing the Kiwi dollar higher while wholesale interest rates also rose. MORE»
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Fidelity postponses Engage
Fidelity Life postpones Engage 2026 to protect event quality and adviser experience. MORE»
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TMM Online
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Economists at war over OCR forecasts
ANZ suggests the RBNZ will rise three times this year. Kiwibank says "reckless" rate hikes unwarranted. MORE»
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Squirrel appoints fixed income heavyweight
Squirrel has appointed a Head of Managed Funds to drive further managed fund growth and innovation. MORE»
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KiwiSaver value for money not set and forget
Financial advisers need to remember that value-for-money is an ongoing expectation in KiwiSaver, one financial advice technology specialist says, not something that can be dealt with once and ticked off. MORE»
