A2 drop no shock for heavily invested adviser
An investment adviser heavily backing A2 in his clients’ portfolios says he’s not worried about a dip in share price.
A2 shares fell 5% after news its chief executive Jayne Hrdlicka had sold all her shares.
She has only been in the job two months and made $4.36 million from the sale.
Christchurch-based Alistair Bean has 75% of his client assets in the stock.
He said he was not worried by the drop.
Bean said it was "a bit odd" that a new chief executive would sell all her shares so soon - although it was to pay for ...MORE»
PIE tax cap wouldn't work in capital gains environment: AdviceTuesday, September 25th, 6:00AM
PIE funds could get a shake-up if New Zealand were to implement a broad-based capital gains tax regime. MORE» |
NZ stocks mixed, A2 Milk leads declinesMonday, September 24th, 6:49PM
New Zealand shares were mixed as last week’s FTSE index adjustments rippled through major stocks today. A2 Milk, which has entered the FTSE Russell All World Index, led the declines; Sky Network Television, which made way for it, led the gains. MORE» |
Tax working group wants help for low-income investors
Incentives are needed to make saving for retirement a compelling option, the Tax Working Group says.
The group released its interim report last week. A final report is due in February.
It has been asked to come up with guidance for the future of tax policy, including a model for taxing capital gains from profits on shares, property and businesses.
The group identified problems with the New Zealand retirement savings environment.
It said there were few incentives to save, particularly for lower-income ...MORE»
Pathfinder launches vegan fund offerSaturday, September 22nd, 6:00AM
Pathfinder Asset Management has launched a vegan-friendly fund option. MORE» |
NZ shares edge higher, boosted by tourism data, earningsFriday, September 21st, 5:27PM
New Zealand shares edged higher as strong tourism data boosted prospects for airports and attraction operators. A2 Milk rose for a third day ahead of the reweighting of FTSE indices that it will have a larger presence in. MORE» |
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