GDP beats forecasts, but NZ sharemarket dips

Despite a better-than-expected GDP figure from Stats NZ on Thursday and rebalancing of the NZX50 index, the New Zealand sharemarket fell slightly.

The S&P/NZX 50 Index closed down 0.46% or 58.27 points, falling to 12,569.05, with 109 million shares changing hands to the value of $438.6m.

The S&P/NZX 20 index closed at 7,390.37, down 0.63%, while the S&P/NZX 10 index ended the day at 1,887.70, a fall of 0.83%.

There were 71 gainers and 66 decliners on the main board.

GDP stronger than forecast

GDP grew at 0.8% in the first quarter ...MORE»

KiwiSaver is the future of financial advice: Bascand Wednesday, 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: Antipodes Friday, 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»

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 business Tuesday, 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 awards Saturday, June 7th, 12:00AM  2 comments Unusually, there were joint winners of the Best Ethical Financial Adviser award for 2025. MORE»

News Bites

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»

GoodReturns TV

[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»

Fin Ed is Good Ed

For most Kiwis growing up in New Zealand financial education was a hands-on experience. We’d earn $1 from weekly chores, deposit 50 cents into our Post Office savings account, and spend the rest at the tuck shop—back when 50 cents could buy heaps and even leave you with change. 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»

TMM Online

Calls for hold on OCR strengthen as GDP comes in higher than expected

Economists expect the OCR to be kept on hold at its meeting next month as GDP came in at 0.8% for the first quarter of the year – higher than most forecasters had predicted. 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»