Articles tagged with 'Pathfinder Asset Management'
Pathfinder founder signs off
3 February 2024 - Pathfinder founder and CIO Paul Brownsey has resigned.
Pathfinder big winner
29 June 2022 - Pathfinder was the big winner at the Mindful Money Ethical Investment Awards last night.
Easy Crypto nets $17 million in first capital raise
6 October 2021 - New Zealand's largest cryptocurrency retailer Easy Crypto has secured the backing of some big names in the finance sector after raising $17 million in Series A funding.
Sticky investment for Pathfinder
4 August 2021 - Ethical investment manager Pathfinder has made another early stage investment.
Pathfinder finds its mojo
30 June 2021 - Pathfinder was the big winner at the inaugural Mindful Money ethical investment awards.
Five new funds for ethical investors
18 June 2021 - Mindful Money, New Zealand's top ethical investment platform, has added five new funds to its stable of investment options.
John Kirwan's mental health app gets heavyweight support
26 May 2021 - The Accident Compensation Corporation and Pathfinder has invested more than $2 million in workplace wellbeing platform Mentemia in an effort to reduce mental health injuries.
Pathfinder first carbon-neutral KiwiSaver
24 March 2021 - Fresh off its merger with Alvarium, Pathfinder has announced that its award-winning KiwiSaver fund is going carbon neutral and changing its name.
Pathfinder wins big at the 2020 Sustainable Business Awards
20 November 2020 - Pathfinder has won the Social Impactor Award at the Sustainable Business Network's (SBN) 18th annual awards.
Pathfinder gets B Corp status
31 August 2020 - Pathfinder Asset Management has become the first fund manager in New Zealand declared a Certified B Corporation.
Pathfinder extends access to Ethical Trans-Tasman Fund
28 July 2020 - Pathfinder has opened its Ethical Trans-Tasman Fund (PETT) to retail investors in a move that it says will capitalise on investor sentiment favouring Australasia.
CareSaver appoints new head of client engagement
18 June 2020 - Ethical KiwiSaver scheme CareSaver has appointed a new Head of Client Engagement who previously was with another high profile scheme.
CareSaver makes private equity investments
4 June 2020 - Pathfinder-run KiwiSaver scheme CareSaver has taken a stake in medicinal cannabis company Rua Bioscience and the online investment platform Sharesies.
What does the future hold for oil?
6 May 2020 - Hamesh Sharma of Pathfinder with an overview of the implications for energy stocks and airlines such as Air New Zealand. What does the future hold for oil?
Recovery from coronavirus – a buying opportunity?
30 March 2020 - Hamesh Sharma takes a look at historic market-impacting world events; how they played out and markets recovered; and what this could mean for a recovery from Covid-19's present market grip.
No room for complacency in 2020
4 February 2020 - Markets ended 2019 in a festive mood, and the positive trend has continued in 2020 with equity markets powering to fresh all-time highs.
Should Meridian call Rio’s bluff?
29 October 2019 - Rio Tinto has a caused a stir among electricity gentailers this week. What it might mean for Meridian going forward.
Not all high yielding stocks are equal. Here's three that deserve second-thoughts
24 September 2019 - It's easy for investors to be allured by high-dividend yields, particularly in the current low interest rate environment; but it pays to be wary.
Taking the carbon out of KiwiSaver
3 September 2019 - Pathfinder's new CareSaver KiwiSaver Scheme is the first actively managed KiwiSaver fund to assess and report the carbon intensity of its portfolio; Here's how it's going.
Why are Australian banks investing in nuclear weapons companies?
7 August 2019 - New Zealanders have strong and clear opinions about where our money is invested, and not supporting the manufacture of nuclear weapons is right at the top of the list. Our country has a long and proud anti-nuclear weapon history.
Pathfinder-backed KiwiSaver to target gender diversity
17 July 2019 - A new KiwiSaver scheme launching today will only invest in New Zealand listed companies that have at least one female director on their boards.
Cannasouth breaks listing drought
2 July 2019 - The IPO of medicinal cannabis company Cannasouth has broken a 2-year listing drought for the NZX. Unfortunately, for NZX investors we are not impressed by the latest listing on the market, which we see as a speculative pre-revenue business that was highly priced.
Asset allocation: Modern Portfolio Theory v Behavioural Finance
29 May 2019 - In the financial world, a great many asset allocation decisions are made using the Modern Portfolio Theory (MPT), but what about Behavioural Finance? Karl Geal-Otter investigates.
Finding the Next Xero
26 April 2019 - When Xero delisted from the NZX, it was truly a sad day for the NZ market. While we have other great success stories such as Ryman Healthcare, and more recently A2 Milk, Xero was a great example of a Kiwi company competing in the technology space and experiencing success on the global stage.
Investing: Don’t forget about the cycle
21 February 2019 - Another fast start to the year in financial markets. Following a disappointing end to 2018, equity markets rallied during January, with the MSCI World finishing the month up 7.7% (in USD terms).
Pathfinder sells half its business
11 February 2019 - Pathfinder Asset Management has sold 51% of its business, as part of a plan to grow its presence and responsible investment offerings in the New Zealand market.
What can the past two years tell us about markets in 2019
22 January 2019 - As we move into the New Year, it’s always interesting to reflect on what has just happened in the previous year. Looking back to the past can offer insights into the future, however, it is important that we don’t anchor our expectations of future performance solely on what has just happened.
Equal weight vs. Market cap weight
27 November 2018 - Investing: What’s your optimum weight?
Investing: The future of sustainable property
30 October 2018 - Globally Environmental Social and Governance factors are having a growing impact on how we invest, as asset managers, we now must go beyond just considering the short-term bottom line.
Pathfinder launches vegan fund offer
22 September 2018 - Pathfinder Asset Management has launched a vegan-friendly fund option.
Investing: The Good-Bad-Good of Share Buybacks
11 September 2018 - “Corporate cocaine”, “sugar high for corporations”, and “stock price manipulation” – all phrases media use to describe share buybacks. In a buyback, a corporation buys its own shares, often in the open market but sometimes through a tender process.
Investing: Understanding non-financial risks
21 August 2018 - Responsible investment is the topic du jour in the global investment world.
Getting to grips with responsible investing
14 August 2018 - Responsible investment is the topic du jour in the global investment world. Unfortunately, in New Zealand, the focus is largely on only one part - “Negative” exclusions.
Chill Out, it’s Just a Stress Test
10 July 2018 - Stress testing is a key element in risk management for portfolio managers. It is also a Financial Markets Authority (FMA) requirement for fund managers in New Zealand, although they don’t specify exactly what form these tests should take or how often they should be applied.
Private equity, not govt mandates, KiwiSaver's future: Managers
27 March 2018 - New Zealanders' KiwiSaver savings would do more for the country if they were used in private equity deals, fund managers say.
Pathfinder eyes carbon risk
9 March 2018 - Pathfinder Asset Management has cut ten companies from its portfolio, reducing its exposure to carbon and fossil fuels.
Pathfinder bolsters responsible investment capability
14 February 2018 - Fund manager Pathfinder has appointed two staff to support its focus on responsible investment.
Rethinking retirement assumptions
2 February 2018 - Advances in healthcare and technology have improved life expectancy in New Zealand at a staggering rate – by almost two years every decade since 1960. Investors retiring at 65 should be preparing for a long retirement. In this commentary John Berry asks how long should advisers target for their clients’ savings to last, and do historic assumptions for growth asset allocations for retirees need a rethink?
Don't worry, stay invested
12 January 2018 - New Zealand market commentators are optimistic about the year ahead, despite international warnings that a crash is “overdue”.
2017 and 2018: recap and outlook
19 December 2017 - The story of the year was really how little global markets reacted to key events.
A survival guide for financial adviser licensing
21 November 2017 - All financial advisory businesses will begin a mandatory licensing process, but do not fear, the FMA comes in peace, John Berry says. In the first of two-part commentary he shares his views on what to expect and how to prepare for change.
Responsible investing missing the mark: White paper
1 November 2017 - New Zealand's responsible investment managers are too focused on exclusions, a new white paper says.
Should lawyers give financial advice?
19 October 2017 - Since the Financial Advisers Act (FAA) came into force there has been some angst over exemptions for other professions – such as lawyers and accountants. Are financial advisers right to be concerned that lawyers and accountants can hand out financial advice? Are there any restrictions on them?
Pathfinder focuses on responsibility
2 October 2017 - Fund manager Pathfinder is rebranding, with a focus on responsible investing.
Responsible investing: Is there a cost?
8 September 2017 - The most popular argument used by investors that are resistant to the concept of responsible investing is that “returns are lower, it will cost me money”. Well, times have changed.
Investing responsibly: passing the tipping point
8 August 2017 - Do you believe that well governed companies have better long-term prospects than their competition? If you do, then you have already taken the first small step to aligning yourself with a more sophisticated approach to responsible investing (RI).
International equities: Approach with caution
31 July 2017 - Managers are taking a more cautious approach to global equities as valuations remain stubbornly high.
Can experts predict market turning points?
13 July 2017 - “Buy low, sell high” sounds like a wildly simple and effective investment strategy. But it requires an investor to know when is a good time to buy, and how to time the even harder decision to sell. Can investors predict and profit from turning points in markets? Can experts help with this decision making?
Match racing: NZ PIE funds vs US ETFs
13 June 2017 - Some commentators point to the low fee structures of US ETFs and question why an investor or adviser would even consider NZ managed fund solutions. The purpose of this article is to provide a “real life” comparison of a PIE fund against US equity ETFs with similar exposure. Is one structure better?
Socially responsible investing (Part 4): Growing pineapples in Alaska
22 May 2017 - This month’s commentary looks at change – how consumer values are changing, how businesses are impacted and how advisers can respond. The adviser response may involve new socially responsible product and this commentary also considers whether there is a risk of “greenwashing” when it comes to financial products.
Pathfinder Asset Management launches RI option
15 May 2017 - Pathfinder Asset Management is working to gauge the level of adviser interest in its new Responsible Investment Fund.
Socially responsible investing (Part 3): returns, fees and investment options
20 April 2017 - In this month’s commentary, Pathfinder looks at real world implications of responsible investment (RI). Are RI returns better, worse or no different than market returns? What investment options are available within NZ and from offshore?
Responsible Investing Part Two: implications for everyone in financial markets
27 March 2017 - The essence of responsible investing (RI) is not its focus on environmental, social and governance issues (ESG) – these get the headlines but are about...
Socially responsible investing (SRI) - Part One: the thinking behind SRI
8 February 2017 - In this 3-part commentary John Berry will overview socially responsible investing. Part One looks at what it is and how it’s evolving.
Pathfinder to screen its Water Fund for nasties
16 January 2017 - Pathfinder Asset Management has selected Sustainalytics, a leading global provider of ESG and corporate governance research and ratings, as its environmental,...
Performance fee update – lesson for NZ
25 November 2016 - Pathfinder wrote a series of four articles through 2015 on performance fees which were published here on Good Returns. Off the back of these articles Pathfinder was asked to help Reuters Thomson in Europe with a piece on Italian performance fees. John Berry believes the findings of that work provide an important lesson for New Zealand financial advisers and the Financial Markets Authority.
Client best interests: Part Two
3 October 2016 - Last month’s commentary on the Code of Conduct obligation to put “client interests first” generated a great deal of discussion. In this follow up John Berry takes the debate a step further and asks some fundamental questions about what consumers expect, if better disclosure can help and whether a “best interests” standard is impossible to meet. This is the second instalment of a 3-part commentary.
Client interests: first, best or last?
22 August 2016 - Imagine you’re seeing your doctor or lawyer and they tell you “just so we are clear, my duty is to put your interests first… but I won’t necessarily be acting in your best interests.” How would you feel? Comforted and relieved? Or surprised and confused? In this commentary John Berry looks at a financial adviser’s duty to place the interests of the client first (but not to act in the client’s best interests). What does this mean? Is it what clients expect?
Performance fees' days may be numbered
17 August 2016 - More fund managers may follow Forsyth Barr’s lead and drop performance fees, as the Financial Markets Conduct Act regulations kick in, it has been claimed.
Infrastructure investing: What, why and how?
11 July 2016 - According to Blackrock the world needs to build US$57 trillion of new infrastructure by 2030 – a huge amount that governments cannot finance alone. Combine infrastructure demand, financing needs and relatively stable long term returns, and it is easy to understand why interest in infrastructure investment continues to grow.
Brexit: Don't panic
27 June 2016 - New Zealand investors are being urged not to panic about the potential impact of Brexit on their portfolios.
Brexit, stage left
30 May 2016 - The United Kingdom will soon vote to either stay in, or leave the European Union. Pathfinder's John Berry looks at this important referendum and discusses what it means for markets and investors.
Fee guidance doesn't answer all questions
30 May 2016 - Fund managers have been given more information about the fees they are required to disclose to investors - but some still have concerns.
China more tempting but time not yet right
20 May 2016 - Investors thinking about dipping their toes back into Chinese equities markets are being given a warning: It’s not time yet.
The 'how' and 'why' of negative interest rates
4 May 2016 - The interest rate outlook has shifted from “lower for longer” to now “very low for very long”.
A fund manager fee conundrum
11 April 2016 - Research consistently shows a fund’s total fee burden impacts on long term returns for investors. As a general rule lower fund costs mean more left over for investors. This is certainly true of deep liquid markets (like large cap US equities) where information and skill is widely disseminated – it’s hard for one manager to repeatedly outperform over for 3-5 year periods. The bi-annual S&P Dow Jones SPIVA report on active manager (under) performance is compelling reading.
Investing in 'alternatives'
1 March 2016 - Investors typically regard equities, bonds and cash as the primary asset classes. But there are a number of other peripheral assets which fall under the “alternatives” catch-all. In this commentary John Berry from Pathfinder looks at PIE managed fund “alternatives” that New Zealand investors can include in portfolios.
Tax hit for gold bugs
1 March 2016 - An indication that Inland Revenue wants investors to pay tax on gold profits has been criticised as inconsistent.
Fund managers a growth opportunity for financial advice, FMA says
29 February 2016 - Financial advisers will probably have an increasing role in intermediating between consumers and the funds management industry as it gathers strength, the chief executive of the Financial Markets Authority says.
Should fund managers invest in their own funds?
9 February 2016 - Would you buy clothes from a shop whose staff wouldn’t be seen wearing their own brand? Or dine at a restaurant where the chef wouldn’t want to eat? Would you think twice about investing in a company’s shares where the CEO doesn’t want to invest? So how do you feel about investing in a fund where the portfolio manager chooses not to invest?
Market turmoil creates knock-on effect
6 January 2016 - New Zealand is likely to continue to feel some knock-on effect of the turmoil on international markets this week. Read here. ...
Active managers must be better...
14 December 2015 - Intuitively we’d expect active managers to perform better than the market. Active managers should be smarter, more responsive and adaptable. They should pick winners, avoid losers and react to downturns. Do actual investment outcomes support this?
More Heat than Light: Discussions about currency hedging
1 October 2015 - There are several discussion topics that are absolutely guaranteed to generate a lot of comment on websites like Good Returns. Performance fees, Active/passive management and currency hedging. Pathfinder director Paul Brownsley presents his view on currency hedging.
Performance fee structures shortchanging investors
28 September 2015 - Most managers charging performance fees are not doing so in a way that best serves investors, it has been claimed.
Vertical fund businesses – a broken model?
1 September 2015 - Vertical fund managers control the entire investment “ecosystem” - from manufacturing fund product through to advising the end investor. This means the fund manager can be a “one stop shop” providing the (supposedly) perfect client solution, isolated from any alternatives. It makes great business sense – but does it make sense for investors?
Questions to ask fund managers - Investment management
10 August 2015 - In the second part of the Questions to ask fund managers, Pathfinder principal John Berry considers questions around investment management.
Pathfinder banks on property
27 July 2015 - Pathfinder has passed the $100 million mark in funds under management and launched its fourth fund.
Questions to ask fund managers
2 July 2015 - For financial advisers and investors the working of fund managers can be a mystery. Exactly what does a fund manager do – and more importantly, how do they do it? Part of the issue with understanding fund managers is to know what questions to ask.
Pathfinder adds to investment committee
8 June 2015 - Kent Fraser is joining Pathfinder's investment committee, providing independent expertise particularly in foreign exchange, Asian markets and global property...
(Under) performance fees
4 June 2015 - Pathfinder's Paul Brownsey does some calculations on performance fees and finds some answers which should surprise advisers and investors.
Private equity – a role for KiwiSaver? (Part 2)
12 May 2015 - Last month we looked at the private equity market in New Zealand and opportunities to invest. We saw that private equity is typically only available...
Private equity – A role for KiwiSaver?
7 April 2015 - In the first part of a two-part series Pathfinder Asset Management director John Berry explores where private equity should fit into KiwiSaver.
Match-fixing in funds management
16 February 2015 - Whoever leaked information the FMA was investigating Milford Asset Management for suspected market manipulation had very good timing.
The perfect performance fee (part 3)
10 February 2015 - In the third part of its series on performance fees Pathfinder Asset Management reviews practical examples of how performance fees are calculated and disclosed by fund managers. This involves a look at aspects of five performance fees for products currently available in the market.
