News Round Up

Trustees happy about KiwiSaver; AIA Group joins global indices; New Diary service for advisers.

Monday, November 15th 2010, 6:13AM

Trustees happy about KiwiSaver
Supervising trust deeds and providing back office services to KiwiSaver funds is helping the county’s five Trustee corporations grow their businesses.

The five are Guardian Trust, Trustees Executors, Public Trust, Perpetual Trust and Covenant Trustee. In total, they supervised 1310 issues worth nearly $160 billion as at 30 June this year, up 12% from the same time in 2009.

These securities included KiwiSaver and superannuation trusts, capital market issues, unit trusts, debt securities and retirement villages.

In addition, the Trustees have seen huge growth in back office services for KiwiSaver funds, which includes maintaining investor records and providing custody and accounting services for each fund.

AIA Group joins global indices

AIA Group has announced it has been added to a number of leading market indices, including FTSE, MSCI and Hang Seng Composite.

AIA, the largest listed pan-Asian life insurer, has been added to indices including the FTSE All World, FTSE Multinationals, MSCI Hong Kong and Hang Seng Composite.

"The inclusion of our shares in these leading market indices so soon after our successful IPO recognises the scale and market leadership of AIA today and the substantial free float that we now have," said AIA chief executive Mark Tucker.

"Being included in these indices will enable an even wider group of investors to own our shares."

New Diary service
We've upgraded our diary of events on Good Returns so it's easier to see what's on each month.The diary is in a calendar format and you can view by region. As you will see there is a lot happening this week.

If you have an event coming up you can add it to the diary here

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