NZX50, kiwi dollar gain as RBNZ holds cash rate in split decision
Infratil bounced from its stumble as brokers upgraded their targets.
New Zealand’s S&P/NZX 50 index and the kiwi dollar rallied after the Reserve Bank kept the official cash rate at 2.25% as expected in a split decision, where external appointments were pushing for an earlier hike than staff.
Interest rate sensitive companies were mixed, with Vector and Precinct Properties New Zealand on the red side of the ledger, while Vital Healthcare Property Trust and ...MORE»
KiwiSaver balances lift but some members left behindTuesday, May 26th, 6:24AM
New data from the Retirement Commission shows balances have increased year-on-year, but some people are still being left behind. MORE» |
Pie Funds new global strategy is paying offMonday, May 25th, 10:17AM
Pie Funds change of investment strategy is paying off with top placings in the latest Morningstar KiwiSaver report. MORE» |
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NZX50 ekes out weekly gain as Serko shakes off gloom, Vista signs new customers
Tower had its worst week in almost nine years.
New Zealand’s S&P/NZX 50 index rose this week as tech duo Serko and Vista Group International found favour among investors, while Infratil continued to advance amid renewed optimism about artificial intelligence having cashed up some of its stake in Contact Energy.
Tower was the biggest laggard of the week in its sharpest decline in almost nine years as its first-half earnings sank from ...MORE»
Jarden restructuring opens door for boutiques, NZSA chief saysFriday, May 22nd, 3:32PM
The financial services space is going through broader consolidation. MORE» |
NZ First ‘KiwiSaver generation’ good policy – but will it happen?Friday, May 22nd, 8:27AM
NZ First is going into this year’s election campaign promising to make KiwiSaver enrolment compulsory from birth. MORE» |
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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»
What moving to New Zealand taught me about KiwiSaver
Mint Asset Management equity analyst Gonzalo Hernandez compares his Australian super experiences with KiwiSaver. MORE»
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Divided RBNZ keeps the OCR on hold
The Reserve Bank is projecting its official cash rate (OCR) will probably rise to 2.5% in the September quarter, although there's still a chance of an earlier hike. MORE»
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Changes at the top for Fishers
Fisher Funds has announced two changes to its executive team, with its Chief Client Officer resigning and its Chief Investment Officer moving to a new role. MORE»
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KiwiSaver balances lift but some members left behind
New data from the Retirement Commission shows balances have increased year-on-year, but some people are still being left behind. MORE»
