NZX50 ekes out another gain as Trump extends ceasefire

Transport and logistics rallied as the tentative Middle East peace persists.

New Zealand’s S&P/NZX 50 index staged a third late rally in a row to end on the green side of the ledger again, with Freightways, Napier Port and Mainfreight among the day’s gainers after US President Donald Trump extended the ceasefire with Iran as the sides struggle to return to the negotiating table.

Ebos Group was one of the bigger drags on the bourse after warning of dearer fuel ...MORE»

NZ Super Fund ruling likely to increase scrutiny on investment processes Wednesday, April 22nd, 6:21AM Fund managers are considering the implications of a High Court ruling which found the NZ Super Fund did not properly address human rights issues in its investing. MORE»

Court ruling likely to concern KiwiSaver managers Sunday, April 19th, 2:11AM A High Court ruling last week against the NZ Super Funds’ sustainable investment policy is likely to concern KiwiSaver managers. MORE»

Craigs buys up Dunedin-based fin planning firm

Craigs signals a broader move into financial planning with the acquiisiton of a Dunedin-based firm.

Craigs Investment Partners has acquired Dunedin-based financial planning and wealth management firm Polson Higgs Wealth Management.

The move is interesting as it grows Craigs' financial planning operations and phwealth is aligned with Consilium which was recently acquired by FirstCape.

"Expanding into adjacent financial planning services to grow our wealth management offering is an important ...MORE»

NZX50 joins ASX200 lower as refinery fire weighs Thursday, April 16th, 7:21PM Ebos came in for some selling ahead of next week’s investor day. MORE»

FMA takes pulse of KiwiSaver private assets Thursday, April 16th, 4:33AM KiwiSaver managers are likely to expand their allocation to private assets in the coming years, the Financial Markets Authority says, but one investment adviser says there should be more demand for it than there is. MORE»

News Bites

FMA to tackle Finfluencers

The Financial Markets Authority has joined regulators across the globe in a co-ordinated Global Week of Action Against Unlawful Finfluencers to tackle the risks involved with unlawful financial promotions by online influencers. MORE»

GoodReturns TV

Fisher Funds moves to woo advisers back

After years of neglecting the adviser market, the investment manager is going on the charm offensive.   MORE»

Markets intepret OCR review to be on the hawkish side

Financial markets have interpreted the Reserve Bank’s official cash rate (OCR) decision as somewhat more hawkish than expected, pushing the Kiwi dollar higher while wholesale interest rates also rose. MORE»

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Pricing and reviews: regulatory interest in Australia may emerge in New Zealand too

Russell Hutchinson says the insurance market has been through the busiest period of base rate changes, perhaps ever. But more change may be on its way. MORE»

TMM Online

Economists at war over OCR forecasts

ANZ suggests the RBNZ will rise three times this year. Kiwibank says "reckless" rate hikes unwarranted. MORE»

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Mercer appoints BDM to work with advisers

Former Smartshares General Manager of Business Development and Distribution joins Mercer.  MORE»

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FMA takes pulse of KiwiSaver private assets

KiwiSaver managers are likely to expand their allocation to private assets in the coming years, the Financial Markets Authority says, but one investment adviser says there should be more demand for it than there is. MORE»