NZ shares tank following sudden spread of covid-19
New Zealand shares fell as a sudden increase of coronavirus infections outside Chinese borders unwound earlier confidence the outbreak might be contained.
The S&P/NZX 50 Index dropped 216.22 points, or 1.8 percent, to 11,857.12. Within the index, 42 stocks fell, seven gained, and one was unchanged. Turnover was $140 million.
Michael McCarthy, chief market strategist at CMC Markets, said up until late last week global equity markets had reached consensus that the impact of covid-19 would be quickly dealt with and support from central banks would ...MORE»
[GRTV] Sam Dickie's 2020 outlookMonday, February 24th, 6:36AM
Susan Edmunds speaks to Sam Dickie senior portfolio manager from Fisher Funds about their recent Good Returns Fund Manager of the Year recognition; and gets the low-down on Fisher Funds' investment philosophy and approach for the year. MORE» |
[The Wrap] Regulators need to be wary of AMP Life dealFriday, February 21st, 6:01PM 4 comments
One of the biggest deals in New Zealand’s financial services industry is going on largely unnoticed at the moment; arguably because there is so much other change going on at present. It’s time the spotlight was put on the deal. MORE» |
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Wealthpoint questions efficiency of authorised bodies
With time running out until new regulatory reforms are introduced in late June 2020, Wealthpoint has followed with interest the industry discussions taking place about various FAP structures that may exist post June. MORE »
NZ Super Fund: Some coronavirus losses will be recovered, others gone for good
Coronavirus is likely to take the heat out of the global economy, the NZ Super Fund says, but it still expects 2020 to be a less turbulent year than 2019.
It has released its results for the 2019 calendar year, in which it returned 21.13% and grew to $47 billion.
“We are really pleased with the calendar year result against a backdrop of strong market returns,” chief executive Matt Whineray said.
“It is a strong contribution to the future economic health of our country. At the same time, we know markets are volatile and this coming ...MORE»
Charges laid against KlooghThursday, February 20th, 10:55AM
Former financial adviser Barry Kloogh, who allegedly ran some type of Ponzi scheme, has appeared in court for the first time. MORE» |
Generate offers compensationThursday, February 20th, 10:28AM 2 comments
Hacked KiwiSaver provider Generate is offering to reimburse members for replacement identification documents, or waive their fees. MORE» |
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FMA debate: Passive v Active
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GoodReturns TV
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[GRTV] Sam Dickie's 2020 outlook
Susan Edmunds speaks to Sam Dickie senior portfolio manager from Fisher Funds about their recent Good Returns Fund Manager of the Year recognition; and gets the low-down on Fisher Funds' investment philosophy and approach for the year. MORE»
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Nothing to worry about AMP Life says
AMP Life executive general manager Thérèse Singleton has told advisers there is nothing to worry about with the proposed sale of the business to Resolution Life. MORE»
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TMM Online
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Southern Cross loan book nears $225 million
Peer-to-peer lender Southern Cross Partners expects its loan book to reach $225 million in the year to March, an increase of nearly 50% on 2019. MORE»
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Expanded role to replace Watney
Southern Cross Health Society has tweaked its top team to replace departing chief marketing officer Chris Watney. MORE»
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Generate offers compensation
Hacked KiwiSaver provider Generate is offering to reimburse members for replacement identification documents, or waive their fees. MORE»
