Index reshuffle lifts Briscoe Group as Australian holiday subdues NZX trading
A rebalancing of New Zealand’s benchmark index has benefited one listed retailer at the expense of another.
The S&P/NZX 50 fell 0.19% to 12,539.26 points after a slow day on the share market, in which $65.4 million of equities changed hands.
Peter Sigley, director of institutional sales at Forsyth Barr, said Australian markets pausing to observe King’s Birthday had further subdued trading on what is typically the slowest day of the week.
Go, Briscoe
Two big moves on the exchange were triggered ...MORE»
Familiar names take top ethical investing awardsSaturday, June 7th, 12:00AM 2 comments
Unusually, there were joint winners of the Best Ethical Financial Adviser award for 2025. MORE» |
Fisher Funds set to be biggest KiwiSaver PE playerFriday, June 6th, 6:01AM
Fisher Funds has is planning to invest $1 billion of KiwiSaver funds into private equity. MORE» |
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FMA tells commerce minister CoFI is essential
The Financial Markets Authority (FMA) says the Conduct of Financial Institutions (CoFI) regime “is essential” for it and that the licensing process is complete for most providers with supervision and monitoring work now underway.
The Financial Markets Authority (FMA) says the Conduct of Financial Institutions (CoFI) regime “is essential” for it and that the licensing process is complete for most providers with supervision and monitoring work now underway.
In response to commerce and consumer affairs minister Scott Simpson’s letter of expectations, FMA chair Craig Stobo says the regulator wrote to all relevant ...MORE»
Harbour spins out private credit portfolio as a stand-alone fundWednesday, June 4th, 8:14AM
Providing investments in private credit to retail investors is still a fledgling opportunity in New Zealand, although Harbour Asset Management started putting toes in the private credit market about seven years ago. MORE» |
Harbour ponders drivers of ESG pull backMonday, June 2nd, 6:00AM 1 comment
Finding the balance between disclosure and modesty is key to avoiding getting caught up in the ESG backlash and maintaining clients’ trust, according to Harbour Asset Management’s responsible investment team. MORE» |
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News Bites
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InvestNow adds another low-cost Foundation fund
InvestNow has launched the Foundation Series Nasdaq-100 Fund, which offers exposure to the Nasdaq-100 Index through a Portfolio Investment Entity (PIE) fund structure, with low fees and added tax advantages. MORE»
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GoodReturns TV
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[GRTV] Antipodes portfolio manager discusses emerging markets fund's potential amid volatility
Antipodes Portfolio Manager John Stavliotis discusses the opportunities in emerging markets, their strong growth potential and diversification benefits. MORE»
The best time to invest in commercial property
As interest rates continue to fall, inflation cools, and global conditions shift, many investors are asking the same question: what next? MORE»
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Why Australians live so long
The Economist has an article on the matter of Australian longevity, noting that Australians outlive their anglophone peers by a significant margin. MORE»
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TMM Online
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Kiwibank lent more on mortgage in year ended March than Westpac
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Russell Investments appoints Head of Investments
Russell Investments has appointed Andrew Pease as Head of Investments, Asia-Pacific, reinforcing the firm’s continued commitment to investment excellence and strong client outcomes across the region. MORE»
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KiwiSaver contribution rates to increase; Cuts to Govt contribution
The Government is increasing contribution rates to KiwiSaver, but at the same time reducing, and in some cases, removing the member tax credit. MORE»
