Positive earnings lift NZ sharemarket
Strong local earnings reports boosted New Zealand's benchmark equity index on Friday, even as global markets wobbled.
The S&P/NZX 50 Index rose 60 points, or 0.5%, to 11,267.39. Turnover was $138 million.
NZ had one of the few share markets moving higher on Friday as investors in other parts of the world continued to worry about the risk of a global recession.
“Stocks and risk sentiment haven’t managed any sort of bounce from yesterday’s rout, and seem to be waiting for fresh direction,” ...MORE»
Fund managers silent on FMA’s hard-hitting fees and commissions reportFriday, May 20th, 8:28AM
Fund managers were yesterday ducking for cover when asked for on-the-record comment on a scathing FMA report, released on Wednesday, about fees and commissions charged to investors in KiwiSaver and other managed fund schemes. MORE» |
Dealing with drawdownsThursday, May 19th, 9:48AM 1 comment
Investors may be worrying about their current returns, but even if you had the best possible portfolio it is impossible to avoid drawdowns. MORE» |
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Ethical Investment conference and awards details
Mindful Money is planning to run its annual ethical investment conference and awards on June 28. More details here. MORE »
FMA ramps up opposition to trail commissions
The Financial Markets Authority dishes out bouquets and brickbats to funds managers in a new report - but mainly brickbats.
The regulator has run a pilot programme trialling its so called "value for money" guidelines with 14 managed investment schemes (MIS).
The participants were a mix of volunteers and co-opted and covered KiwiSaver providers, non-KiwiSaver funds, passive and active managers and banks and non-banks (but who took part in the pilot is undisclosed).
A number of themes are reported by the regulator ...MORE»
Are your clients happy?Wednesday, May 18th, 11:57AM 2 comments
I would postulate that many of your current clients are not happy. But that isn't necessarily due to your actions or inactions. MORE» |
Conduct bill into new phaseWednesday, May 18th, 7:15AM 8 comments
The much-criticised Financial Markets (Conduct of Institutions) Amendment Bill, or COFI, took another leap forward in parliament yesterday, passing its second reading and going on to consideration by the Committee of the Whole House next week. MORE» |
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