tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, November 1st, 10:39AM

News

rss
Latest Headlines

Weekly briefs

Rothschild revamp, Airport indices ETA, Europe the place to be, MortgagePlus relaunch, Quicken up your books.

Monday, July 13th 1998, 12:00AM

by Philip Macalister

Rothschild Australia Asset Management (RAAM) is planning to up its presence in New Zealand with a revamped marketing team.
Former New Zealand manager Stephen Karrasch, who has been running RAAM's masterfund business in Sydney, will head up the new team.
"Rothschild sees unique opportunities in the New Zealand market where it can capitalise on our long term relationships with the master fund and financial planning industry," he says.
"We are planning a number of tailored activities and services to continue to build our relationships in New Zealand."
Rothschild is closing its Auckland office, and will service New Zealand from Sydney. Although the office is on the other side of the Tasman, RAMM anticipates it will be able to provide better access for planners and clients to resources and information by using technology.
"Rothschild remains committed to New Zealand, however our investment in real estate has been modified and swung to technology and people," Karrasch says.

Airport indices ETA
Auckland International Airport Ltd (AIA) will be introduced into its NZSE40 and NZSE30 indices on August 3, about a week after being listed on July 28.
It is expected there will be 420 million indexed AIA shares in the NZSE40, and 189 million in the NZSE-30.
The number of shares being offered could rise to up to 217 million if the government exercises an over-allotment option, and the weighting in the NZSE-30 would increase accordingly.
To make room for AIA on the indices, Sanford will be removed from the NZSE40 and Restaurant Brands New Zealand Ltd will disappear from the NZSE30.

Europe the place to be
Internationally diversified equity managed funds and European equity funds dominate the top of performance tables in the June quarter.
FPG Research says European equity funds took six of the top 10 placings in the three months to June 30 and four of the top 10 for the year.
Tower's Spotlight Europe Fund was number one for the quarter with a 14.13 per cent return after taxes and fees, while the Renouf International Equity Fund was number one for the year with a 64.17 per cent return net of fees and taxes.
FPG says that only two top 10 funds outperformed their relevant indices in New Zealand dollar terms for the year. They were the Renouf International and the Tower Tortis International funds.
The under-performance is blamed on currency hedging.

Tower MortgagePlus Income Fund relaunch
Tower Trust Services is to relaunch its MortgagePlus fund in a more tax effective group investment (GIF) fund structure on October 1.
It will be a category B GIF, therefore investors who provide Tower with their IRD number can have resident withholding tax deducted at 19.5 per cent.
The current unit trust MortgagePlus will be closed to all investors on September 30. On this date, following the quarter's distribution payment, all current investors will be automatically transferred to the new fund.
Nothing will change in terms of fees and mortgage portfolio management.

Quicken up your books
Intuit the company responsible for some of the world's most popular money management software packages is starting operations in New Zealand.
Its Quicken and QuickBooks programmes for personal and small business finance management software will soon be available in New Zealand versions.
New Zealand manager Dirk Zeilinga says it has taken some time for a New Zealand office to be opened. "Localised versions (of the software) are not far off and recent indications from accountants an small business owners and the home user have all be extremely positive," he says.
At tis stage professional accountants are the office's primary focus, Zeilinga says.
Intuit is offering a special trade in price for people wanting to convert from another software package to QuickBooks.

« Labour outlines its super policyGet your tax questions answered online »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 5.44 - - -
AIA - Go Home Loans 7.99 5.99 5.69 5.69
ANZ 7.89 6.59 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.99 5.69 5.69
ASB Bank 7.89 5.99 5.69 5.69
ASB Better Homes Top Up - - - 1.00
Avanti Finance 8.40 - - -
Basecorp Finance 9.60 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.94 - - -
BNZ - Rapid Repay 7.94 - - -
BNZ - Std 7.94 5.99 5.69 5.69
BNZ - TotalMoney 7.94 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.79 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 7.65 5.99 5.75 5.69
Co-operative Bank - Standard 7.65 6.49 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.40 6.10 -
First Credit Union Standard 8.50 7.00 6.70 -
Heartland Bank - Online 7.49 ▼5.65 ▼5.55 ▼5.55
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.00 6.50 -
ICBC 7.49 5.99 5.65 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.75 6.89 6.59 6.49
Kiwibank - Offset 8.25 - - -
Kiwibank Special 7.75 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 8.44 ▼6.39 ▼6.09 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.99 6.95 6.29 6.29
SBS Bank Special - ▼6.15 5.69 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 5.44 ▼5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.69 6.79 6.49 6.49
TSB Special 7.89 5.99 5.69 5.69
Unity ▼7.64 5.99 5.69 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 8.50 ▼6.19 ▼5.79 -
Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
Westpac Offset 8.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 6.29 5.79 5.79
Median 7.99 6.17 5.79 5.69

Last updated: 30 October 2024 9:36am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com