Geopolitical tensions keep NZ sharemarket steady, oil prices rise
The New Zealand sharemarket was flat on Wednesday as international markets remain wary of growing geopolitical tensions between the United States and Iran, impacting oil prices.
The S&P/NZX 50 Index closed down 0.10% or 12.25 points, falling to 12,627.32, with 33.2 million shares changing hands to the value of $138.4m.
The S&P/NZX 20 index closed at 7,437.05, down 0.20%, while the S&P/NZX 10 index ended the day at 1,903.54, a fall of 0.29%.
There were 69 gainers and 64 decliners on the main board.
'A more dovish statement'
In the US, Federal Reserve ...MORE»
KiwiSaver is the future of financial advice: BascandWednesday, June 18th, 12:05PM 1 comment
More than a million people will be seeking advice on their KiwiSaver, Harbour Asset Management co-chief executive Andrew Bascand says. MORE» |
Trump is making the rest of the world great again: AntipodesFriday, June 13th, 8:23AM
US President Donald Trump’s tariffs and trade policy are posing a risk to US exceptionalism and “Trump is in the process of making the rest of the world great again,” according to Jacob Mitchell, chief investment officer and founder of Antipodes, a Sydney-based investment manager. MORE» |
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Investors need to check experience of private equity managers
Investors wanting to access private credit investments should be looking at the quality and experience of the management team before deciding to invest, Roy Keenan, co-head of Australian fixed income at Yarra Capital Management said.
Speaking at a recent Morningstar conference in Sydney, Keenan said he’s heard that there are about 200 private credit managers operating in Australia now.
“If too much money goes to one particular sector, it creates too much competition and spreads do grind in,” Keenan said.
“When you’re lending, it’s always about risk-adjusted returns, it doesn’t matter ...MORE»
Generate funds new home loan businessTuesday, June 10th, 6:11AM 2 comments
Generate is funding a new online home loan business which features the FMA chairman as a director. MORE» |
Familiar names take top ethical investing awardsSaturday, June 7th, 12:00AM 2 comments
Unusually, there were joint winners of the Best Ethical Financial Adviser award for 2025. MORE» |
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News Bites
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InvestNow adds another low-cost Foundation fund
InvestNow has launched the Foundation Series Nasdaq-100 Fund, which offers exposure to the Nasdaq-100 Index through a Portfolio Investment Entity (PIE) fund structure, with low fees and added tax advantages. 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»
Harbour Investment Outlook: Markets rebound amid trade uncertainty
Global equities rebounded strongly in May, posting a return worthy of top decile historically, at 5.1% in unhedged NZD terms, and 5.6% NZD-hedged. Broadly, most sectors were positive, with healthcare an outlier at -3.7% and information technology leading the pack at +10.3%. MORE»
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[Opinion] Can you recommend a replacement policy if that is likely to result in new special term exclusions?
You might be excused for thinking that a client, with new health issues (arising since previous underwriting assessment) likely to be excluded, should never replace their policy, but is this really the case? MORE»
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TMM Online
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NZFSG teams up with Cotality
NZFSG and Cotality (formerly Core Logic) partner to empower mortgage advisers with industry-leading property data and insights. MORE»
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KiwiSaver provider Aurora Capital adds to investment team
Aurora Capital strengthens its investment team with senior appointment. 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»
