IkeGPS continues run, up 8.6%; NZX 50 performance still bumpy
Two positive announcements for small-cap companies were not enough to keep the benchmark above the ledger to start the week.
Across the mainboard, 26.8 million shares worth $92.3m changed hands. The S&P/NZX 50 index fell 0.6% to 12,678.69 points, continuing steady losses since the Reserve Bank of New Zealand (RBNZ) held the official cash rate (OCR) at 3.25% on Wednesday last week.
Craigs Investment Partners' senior research analyst, Mohandeep Singh, said property stocks had continued their strong performance during ...MORE»
Trust Management spins off ethical investment armMonday, July 14th, 6:00AM
After two decades in the institutional market, Trust Investments is expanding into financial advice channels. MORE» |
Salt's Long Short Funds delivers the manager a big paydayFriday, July 11th, 1:15PM
Salt Funds Management’s Sale Long Short Fund performed well enough to earn the management team a performance fee, which is why the fees earned jumped to $2.9 million in the year ended March from $1.1 million the previous year. MORE» |
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Jarden Securities ex-wealth lifts annual net profit 26%
Jarden Securities' annual net profit excluding the since-sold wealth management business jumped 26% while revealing that investment banking and unrealised capital gains contributed the bulk of the increase.
The annual report shows for the year ended March excluding wealth rose to $12.6 million from $10 million the previous year.
The wealth business was hived off in April last year to FirstCape, its joint venture with National Australia Bank and Pacific Equity Partners, and so it contributed just $1.8 million to the latest result, down from $10 million the previous year and meant the company’s bottom ...MORE»
Nikko expands Goals Getter fund rangeFriday, July 4th, 8:23AM
In a week of new fund offerings Nikko is the latest to add new funds to its offering. MORE» |
A new PIE with a different flavourThursday, July 3rd, 8:27AM
Insync Funds Management, a long-established specialist global equities manager based in Sydney, has registered the PIE version of its flagship Insync Global Quality Equity Fund. MORE» |
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News Bites
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AI provider to KiwiSaver secures funding
Sevaka secures $1 million to scale AI platform for financial services. 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»
Fin Ed is Good Ed
For most Kiwis growing up in New Zealand financial education was a hands-on experience. We’d earn $1 from weekly chores, deposit 50 cents into our Post Office savings account, and spend the rest at the tuck shop—back when 50 cents could buy heaps and even leave you with change. MORE»
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New Zealand may be falling behind on genetic testing rules
A powerful lobby group is pushing for a complete ban on genetic testing in insurance, while the industry's attempt to self-regulate has stalled over anti-competition concerns MORE»
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TMM Online
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Pausing while pass through of interest rate cuts catches up
Adding to the RBNZ’s cautious OCR approach and pause on cuts this month is the full impact of the large interest rate reductions over the past year is yet to be felt. MORE»
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Fisher Funds makes new private equity hire
A month after it announced plans to invest $1 billion in private equity Fisher Funds makes an important new hire. MORE»
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KiwiSaver is the future of financial advice: Bascand
More than a million people will be seeking advice on their KiwiSaver, Harbour Asset Management co-chief executive Andrew Bascand says. MORE»
