Weekly Wrap: Who will win the regulation marathon?

It all started on Monday when Parliament's Finance and Expenditure Select Committee headed submissions on the bill around adviser regulation.

We have three pieces on this; the first is the ISI's stance, second, and probably most importantly is Tower's stand against the rest in the industry on whether institutions should regulate advisers and thirdly a Blog which has already had a number of comments.

The key thing for me here is that we have run a marathon on these changes, the finish line is in sight, yet we have little idea what the outcome is likely to be. Fine if you are a sports nut, and like competition going to the wire, but awful if you are trying to run a business.

I encourage you to read all these pieces and make some comments in the Blog, even if it's asking questions.

Meanwhile Kinloch Funds Management, headed by one of the founders of Milford Asset Management has rolled out a fascinating product. Essentially it is a listed property securities fund which invests in emerging markets. Something quite different. The only other new product we are aware of this week is ASB's PIE fund.