Weekly briefs

Have your say, Investor confidence stable, OM-IP Strategic Investment series 2, AJ's cash fund, Programme trading online.

Sunday, October 31st 1999, 12:00AM

Have your say! Did you know Good Returns now has a discussion forum where you can have your say on the issues of the day? The forum can be found by clicking here.

The forum has been added to the site to help promote discussion on superannuation issues. One of the big questions needing answering is: should New Zealand Superannuation be a universal entitlement or a means-tested benefit.

In supertalk.co.nz ISI chief executive Vance Arkinstall argues that NZ Super should be a universal entitlement, but paid at a much lower level than it is currently is.

To have your say on this issue and others, visit the discussion forum.

Investor confidence stable: ASB
Confidence in the New Zealand investment market is remarkably stable according to the ASB Bank's latest quarterly survey.

In the three months to the end of September overall investment confidence, measured by whether respondents feel the return on their investment will be better this year than last year, was the same as the previous quarter.

ASB chief manager investment services Roger Perry says investors seem to be "in somewhat of a holding pattern."

He says there is some evidence that people are deferring investment decisions until after the election.

High returns with a capital guarantee
Ord Minnett has launched the second version of its successful OM-IP Strategic investment series. The series is a packaged investment which aims to provide high returns, but also provides investors with security through a capital guarantee.

One of the original OM-IP series has provided investors with annual returns of 21.2 per cent since inception in 1990.

The package uses trading funds run by ED&F Man, plus a portion of the money is used for the Westpac Guarantee which ensures investors will get a minimum of A$1 for each share they hold at maturity in 2008.

The OM-IP series closes on December 3. The minimum investment is A$5,000. For more details click here.

AJ's new cash fund
Armstrong Jones plans to launch a cash management trust later this year. The new product is primarily being targeted at the retail market, providing an on-call facility with direct debit functionality.

Programme trading online
Sharebrokers DF Mainland Securities have added programme trading to its new web-based IQ online trading service.

This advanced system is based on three years experience with online trading. It was developed in-house and tracks the price movements of a share allowing investors to place programmed conditional orders online.

Chief executive John White says the move offers online investors a number of advantages.

"Investors using technical strategies often want to delay the purchase of a share until it begins trading at a price higher than current quotes," he says. "In other cases, they may be looking to avoid the possibility of future losses by placing a stop loss order once a share shows signs of a downward trend."

"By using the programme trading feature of our IQ system, your online order becomes active only when the share begins trading at a predetermined price level."

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