Rate-sensitive Ryman, property stocks shrug off elevated inflation
The NZX50 enjoyed another late rally to end the day in the green.
New Zealand’s S&P/NZX 50 index rallied late in the day to end the session in the green as interest rate-sensitive companies such as Ryman Healthcare, Kiwi Property Group and Property for Industry shrugged off an elevated headline inflation reading, with the Reserve Bank’s core measure easing in the March quarter.
The kiwi dollar and swap rates rose after the Statistics New Zealand ...MORE»
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Sunday, April 19th, 2:11AM
A High Court ruling last week against the NZ Super Funds’ sustainable investment policy is likely to concern KiwiSaver managers. MORE» |
Craigs buys up Dunedin-based fin planning firmFriday, April 17th, 8:58PM
Craigs signals a broader move into financial planning with the acquiisiton of a Dunedin-based firm. MORE» |
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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 »
Moneta: Strengthening KiwiSaver advice with digital tools from OMNIMax
KiwiSaver had always been part of client conversations at Moneta. But as compliance expectations increased and clients began expecting faster, clearer, and more digital experiences, the team saw an opportunity to enhance the way they delivered KiwiSaver advice. MORE »
NZX50 joins ASX200 lower as refinery fire weighs
Ebos came in for some selling ahead of next week’s investor day.
New Zealand’s S&P/NZX 50 index joined Australia lower as the fire at Viva Energy’s refinery in Geelong knocked energy companies on the other side of the Tasman and a resilient Aussie jobs market kept alive expectations for rate hike next month by the Reserve Bank of Australia.
Ebos Group was a drag on this side of the Tasman ahead of the health products maker’s big investor day ...MORE»
FMA takes pulse of KiwiSaver private assetsThursday, April 16th, 4:33AM
KiwiSaver managers are likely to expand their allocation to private assets in the coming years, the Financial Markets Authority says, but one investment adviser says there should be more demand for it than there is. MORE» |
Boyle gets dream gigTuesday, April 14th, 8:11PM 2 comments
David Boyle has been appointed as the new Retirement Commissioner takimng over from Jane Wrightson. MORE» |
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News Bites
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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»
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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»
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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Pricing and reviews: regulatory interest in Australia may emerge in New Zealand too
Russell Hutchinson says the insurance market has been through the busiest period of base rate changes, perhaps ever. But more change may be on its way. MORE»
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TMM Online
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Economists at war over OCR forecasts
ANZ suggests the RBNZ will rise three times this year. Kiwibank says "reckless" rate hikes unwarranted. MORE»
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Mercer appoints BDM to work with advisers
Former Smartshares General Manager of Business Development and Distribution joins Mercer. MORE»
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FMA takes pulse of KiwiSaver private assets
KiwiSaver managers are likely to expand their allocation to private assets in the coming years, the Financial Markets Authority says, but one investment adviser says there should be more demand for it than there is. MORE»
