Shares close unchanged; Napier Port booted from NZX 50
The New Zealand sharemarket was virtually unchanged on Friday with the benchmark equity index making a 0.4% gain this week despite starting it with a 1.5% fall due to omicron.
The S&P/NZX 50 Index rose 6 points, or 0.1%, to 12,676.5. Turnover was $161 million.
Harbour Asset Management said in a note today that the emergence of the omicron variant had reminded investors there was a way to go before conditions get back to ‘normal’.
“But for those companies with pricing power and structural growth drivers, there is potential to keep beating conservative ...MORE»
The next big thingFriday, December 3rd, 7:30AM
One of the new big themes for fund managers will be impact investing, and Harbour Asset Management has jumped onto it. MORE» |
Accelerating our climate actions togetherThursday, December 2nd, 9:34AM
Reserve Bank Assistant Governor Simone Robbers explains why the central bank is involved in climate change. MORE» |
Sponsored Content
What went well at COP26 (and what wasn't so good)
David Woods from ToitÅ« Tahua: Centre for Sustainable Finance wraps up COP26 and what it means for investors. MORE »
Established Mike Pero franchise for sale in Christchurch
Are you ready to advance your career and take control of your future? Join New Zealand’s market-leading Mortgage Adviser brand, Mike Pero Mortgages. MORE »
Forsyth Barr launches funds management business
Forsyth Barr has launched a specialist funds management operation, Octagon Asset Management, which will take over managing its KiwiSaver scheme.
The firm kicks off with $650 million of funds under management including Forsyth Barr's KiwiSaver scheme, Summer.
The Summer investment committee, which was headed by Martin Hawes, is being replaced by the Octagon team.
Forsyth Barr's move is similar to other sharebrokers who have created their own funds management business. Craigs IP has Quay Street Asset Management, while Jarden are the ...MORE»
Default-Day for KiwiSaverWednesday, December 1st, 6:57AM
From today, about 233,000 KiwiSaver default fund members will be transferred to new providers after the Government made sweeping changes to the scheme on the morning of Friday, May 14. MORE» |
Omicron - one step forward, two steps back for economic recoveryTuesday, November 30th, 6:26AM
Financial markets became volatile on Friday as news of the Covid-19 variant Omicron's emergence broke with shares, commodities and other assets falling sharply and investors flocking to the safety of government bonds. MORE» |
|
News Bites
|
Sponsored by: |
|
RBNZ outlines options for cash system reform
The Reserve Bank of New Zealand is seeking feedback on issues facing the cash system and options to keep Aotearoa’s cash system fit for purpose. MORE»
|
GoodReturns TV
|
[GRTV] Rob Everett on value for money, the great KiwiSaver land grab and fees
What's value for money with KiwiSaver? Former Financial Markets Authority chief executive Rob Everett provides answers in this Good Returns TV interview. [Including Podcast] MORE»
|
Investments
|
Sponsored by: |
|
The next big thing
One of the new big themes for fund managers will be impact investing, and Harbour Asset Management has jumped onto it. MORE»
|
Sponsored by: |
|
Cigna to rebrand as Chubb
It's been a big year of change at Cigna New Zealand and 2022 will be even bigger with an upcoming rebrand, the launch of a new advertising campaign, and changes to its income and mortgage protection covers. MORE»
|
TMM Online
|
Non-banks to be run off their feet
Non-bank lenders will be run off their feet in the coming months, partly because banks are too traditional, according to economist Cameron Bagrie. MORE»
|
Sponsored by: |
|
Salt adds senior analyst
Salt Funds Management has added a former Fisher Funds staffer to its ranks. MORE»
|
Sponsored by: |
|
Simplicity drops membership fees for all products
Simplicity has dropped its membership fees from all of its products effective immediately. MORE»
