NZX50 joins global rout; power companies slide on Meridian expansion
Exporters bucked the trend on a weaker kiwi dollar.
New Zealand’s S&P/NZX 50 index joined a global rout after stronger-than-expected US jobs data on Friday fuelled expectations that the Federal Reserve might have to hike interest rates this year, while renewed fighting between Israel and Iran sent oil prices higher.
Vista Group International led the benchmark lower in a broadly soft day for local tech companies, while data centre investor ...MORE»
No Space X boost for S&P500Monday, June 8th, 9:09AM
S&P Dow Jones, unlike other market participants, has decided not to change its indice rules to allow SpaceX into the S&P500. MORE» |
SpaceX - The IPO That Rewrote the RulebookFriday, June 5th, 4:14PM
SpaceX is targeting a $1.8 trillion valuation in what would be the largest IPO in history, and the sheer scale of the listing may reshape how major stock indices work. MORE» |
Sponsored Content
Making Investment Advice Easier for Clients to Understand
Clients don’t all absorb information in the same way, some need visuals while others prefer numbers and detail. Many need both before they feel confident to make a decision. MORE »
New fund range answers adviser call for flexible KiwiSaver alternative
Booster’s Wealth Series is the Wellington-based fund manager’s answer for investors looking to combine a level of active management with competitive value. MORE »
New fund tool to compare KiwiSaver returns, connect advisers
A new fund finder tool is designed to offer a more user-friendly way for people to compare their KiwiSaver options.
Hugo Kidd is developing Find My Fund to offer a comparison of fund performance after fees.
He said the idea came about when he was studying his Level 5 qualification investment strand.
“I kind of came to the realisation that a lot of people are worse off with their retirement at the moment… people in the wrong fund types or wrong actual fund itself.
“Searching online, I couldn’t ...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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News Bites
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Summit to examine financial advice policy, regulation, and professional standards
Financial Advice New Zealand is launching an Advice Policy Summit in conjunction with the Financial Planning Standards Board Asia Pacific Forum. 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»
SpaceX - The IPO That Rewrote the Rulebook
SpaceX is targeting a $1.8 trillion valuation in what would be the largest IPO in history, and the sheer scale of the listing may reshape how major stock indices work. MORE»
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Fidelity exec to become Apex CEO
Fidelity Life has reshaped its leadership team following the departure of an executive. MORE»
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TMM Online
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Link appoints a new general manager
Adviser training boss takes the helm of Link Financial Group (LFG). 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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New fund tool to compare KiwiSaver returns, connect advisers
A new fund finder tool is designed to offer a more user-friendly way for people to compare their KiwiSaver options. MORE»
