NZX50, kiwi soar on US-Iran circuit breaker; RBNZ stays on hold

Travel and tourism companies were among those leading local gainers.

New Zealand’s S&P/NZX 50 index and the kiwi dollar surged after US President Donald Trump announced a 10-day ceasefire with Iran, sending oil prices lower and reviving investors’ appetite for riskier assets.

Travel and tourism companies led the local benchmark higher, with Tourism Holdings, Auckland International Airport, SkyCity Entertainment Group and Air New Zealand among those ...MORE»

Active manager (sort of) leaves the passive house Sunday, April 5th, 10:04AM NZX’s active management business, QuayStreet Asset Management, is being given a bit more free reign. MORE»

Bond funds likely to deliver out-sized returns: Amova Wednesday, April 1st, 7:07AM Financial markets have priced too much inflation risk into longer-term fixed interest yields, according to Fergus McDonald, head of the bond and currency team at Amova Asset Management. MORE»

Longwave aims to smooth the waters

For clients approaching retirement, consistent returns become more important than producing the highest possible returns, and so the Longwave Australian Small Companies Fund aims to deliver consistent returns, according to chief investment officer David Wanis.

Wanis, one of three active investment managers presenting to advisers at Pinnacle Investment Management’s equities roadshow in Wellington this week, said most small cap funds are very concentrated and contain 30 to 40 stocks, but Longwave’s fund contains 110 stocks and employs different investment styles “to smooth out the journey for our clients.”

In the last five years, the ...MORE»

FMA calls for innovation to drive financial advice uptake Wednesday, March 25th, 5:43PM  7 comments The Financial Markets Authority (FMA) is calling for Financial Advice Providers (FAPs) to innovate to encourage more consumers to use their services to improve their financial wellbeing. MORE»

What KiwiSaver changes do managers agree on? Tuesday, March 24th, 6:09AM  3 comments Prime Minister Christopher Luxon told the recent FSC Outlook come to us with your five best ideas and let's see what we can do. So Good Returns asked some fund managers for their top five KiwiSaver change ideas. MORE»

News Bites

PAA Legacy Trust supports FANZ

Financial Advice New Zealand (FANZ) has entered a long term strategic partnership with the PAA Legacy Trust to support further development of Campus, its adviser-led, professional development hub designed to deepen capability across the financial advice profession. MORE»

GoodReturns TV

Fisher Funds moves to woo advisers back

After years of neglecting the adviser market, the investment manager is going on the charm offensive.   MORE»

Markets intepret OCR review to be on the hawkish side

Financial markets have interpreted the Reserve Bank’s official cash rate (OCR) decision as somewhat more hawkish than expected, pushing the Kiwi dollar higher while wholesale interest rates also rose. MORE»

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Fidelity building register to help firms connect with Career connect graduates

Fidelity Life marks 2025 Career connect milestone with record 29 graduates MORE»

TMM Online

OCR on hold

The Reserve Bank has kept the OCR unchanged. Here's what it said. MORE»

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Quay Street gets new Head of Strategy

Long-standing Craigs executive joins Quay Street Asset Management. MORE»

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What KiwiSaver changes do managers agree on?

Prime Minister Christopher Luxon told the recent FSC Outlook come to us with your five best ideas and let's see what we can do. So Good Returns asked some fund managers for their top five KiwiSaver change ideas. MORE»