Deal day in NZ as Heartland buys TSB, Green Cross sells The Doctors
NZX50 slides on return from long weekend.
New Zealand’s S&P/NZX 50 index came back from the long King’s Birthday weekend on the backfoot, with Infratil weighing on the bourse as the hot artificial intelligence trade cooled in the wake of Anthropic’s plans to go public and as oil prices remained elevated in the face of an elusive peace in the Middle East.
Heartland Group Holdings neared a three-month high after agreeing ...MORE»
Non-bank lender pushes into funds businessThursday, May 28th, 9:46AM
Non-bank lender Avanti Finance is looking to grow its funds management business. MORE» |
KiwiSaver balances lift but some members left behindTuesday, May 26th, 6:24AM
New data from the Retirement Commission shows balances have increased year-on-year, but some people are still being left behind. MORE» |
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Pie Funds new global strategy is paying off
Pie Funds change of investment strategy is paying off with top placings in the latest Morningstar KiwiSaver report.
Founder and Chief Investment Officer Mike Taylor says a number of years ago he realised the investment process for global shares needed to change following some disappointing performance.
It's not the first time the firms global equities strategy has changed. Originally it was a fund of funds approach and later moved to in-house management and now to a new strategy which has a strong quantitative ...MORE»
NZX50 ekes out weekly gain as Serko shakes off gloom, Vista signs new customersFriday, May 22nd, 6:36PM
Tower had its worst week in almost nine years. MORE» |
Jarden restructuring opens door for boutiques, NZSA chief saysFriday, May 22nd, 3:32PM
The financial services space is going through broader consolidation. MORE» |
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News Bites
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Generate expands its private equity investments
Generate has made a new $20 million commitment into Icehouse Ventures’ Growth Fund III. MORE»
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GoodReturns TV
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Fisher Funds moves to woo advisers back
After years of neglecting the adviser market, the investment manager is going on the charm offensive. MORE»
What moving to New Zealand taught me about KiwiSaver
Mint Asset Management equity analyst Gonzalo Hernandez compares his Australian super experiences with KiwiSaver. MORE»
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Where do all the life insurance premiums go?
[OPINION] Last year $1.64 billion was paid in life premiums but only $539 million in income protection premiums – differences in life product premiums hint at great adviser opportunity. MORE»
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TMM Online
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TSB Heartland to become NZ's sixth largest home loan provider
If all goes to plan, Heartland Group’s purchase of TSB Bank will result in home loans becoming 44% of the combined group’s $15.1 billion of gross receivables and 54% of the New Zealand bank’s gross receivables, according to the proforma inflation Heartland has provided. MORE»
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Changes at the top for Fishers
Fisher Funds has announced two changes to its executive team, with its Chief Client Officer resigning and its Chief Investment Officer moving to a new role. MORE»
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KiwiSaver balances lift but some members left behind
New data from the Retirement Commission shows balances have increased year-on-year, but some people are still being left behind. MORE»
