Investors make dramatic shift to riskier KiwiSaver funds: FMA
The Financial Markets Authority says there has been a."dramatic" shift of KiwiSaver funds to riskier assets and one fund manager says that's a good thing.
In an Occasional Paper Series the regulator has observed a dramatic increase in the overall risk categorisation of KiwiSaver funds in recent years.
"The proportion of KiwiSaver invested in risk category 5 funds (high volatility) has quadrupled from around 10% in 2021 to more than 40% in 2024, with the proportion in risk category 3 funds (low to medium volatility) decreasing from 30% to 10% over ...MORE»
Mint Asset Management's annual fee income fell 13.4%Wednesday, July 16th, 8:12AM
It hasn’t been the best of years for Mint Asset Management with fee income dropping 13.4% overall. MORE» |
Big, fat beautiful feesTuesday, July 15th, 9:42AM 1 comment
Banks have lobbied themselves another profit centre under open banking, which could kill fintech innovation, Sam Stubbs of KiwiSaver Simplicity says. MORE» |
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Trust Management starts push into financial advice market
After two decades in the institutional market, Trust Investments is expanding into financial advice channels.
Trust Management has spun off its investment operations into its own separate brand, Trust Investments. It is now eyeing the financial adviser market after two decades of serving only institutional clients.
Trust Management has been supporting for-purpose organisations since 2001, but says its $1.6 billion in assets under management had been “overshadowed” by its property and accounting ...MORE»
Salt's Long Short Funds delivers the manager a big paydayFriday, July 11th, 1:15PM 1 comment
Salt Funds Management’s Sale Long Short Fund performed well enough to earn the management team a performance fee, which is why the fees earned jumped to $2.9 million in the year ended March from $1.1 million the previous year. MORE» |
Jarden Securities ex-wealth lifts annual net profit 26%Tuesday, July 8th, 4:42PM
Jarden Securities' annual net profit excluding the since-sold wealth management business jumped 26% while revealing that investment banking and unrealised capital gains contributed the bulk of the increase. MORE» |
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Investors make dramatic shift to riskier KiwiSaver funds: FMA
The Financial Markets Authority says there has been a."dramatic" shift of KiwiSaver funds to riskier assets and one fund manager says that's a good thing. MORE»
