News Round Up
Monday, May 14th 2007, 7:10AM
Liontamer is planning to launch a new capital protected, international share fund soon. The fund will track an index with shares in Japan, Europe and the US accounting for 25% each. Japan will make up 15% of the index and Switzerland and Hong Kong will make up five percent each.Like other Liontamer funds this one will have booster and super booster units with terms of four and five years respectively.
Down on the farm with BT
BT last week launched a new farm fund. A key player with this fund is Cliff King, who established the NZ Rural Property Trust. For more on the fund Click here
COMMENT: What becomes of the broken-hearted?
Well, well, well. So the four associations
representing financial advisers can’t work together
to make a single regulatory body for their members.[more]
GE's insurance company remains held
Standard & Poor's Ratings Services has maintained its BB- counterparty credit and insurer financial strength rating on Simply Insurance New Zealand. The rating remains on CreditWatch with developing implications.
The Creditwatch placement followed Australia-based GE Money's decision to review its overall insurance operations in Australia and New Zealand as part of an ongoing global initiative.
SINZ is part of GE Finance and Insurance’s overall insurance operations in Australia and New Zealand.
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