NZ sharemarket continues sliding, down 0.5%
The New Zealand sharemarket slipped more than 0.5%, while telco Spark has now netted $1.2 billion from exiting the mobile towers business.
The S&P/NZX 50 Index slumped in the afternoon and closed at 12,692.72, down 68.47 points or 0.54% after reaching a morning high of 12, 779.54.
Trading was lighter, with 35.88 million shares worth $136.21m changing hands.
'Quite tight'
Greg Smith, head of retail with Devon Funds Management, said the market was soggy like the weather and “as we head into the quiet holiday period, ...MORE»
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Tax settings tweak could help grow local ETFsTuesday, December 10th, 9:10AM
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Market maturity barrier to ETF growth in NZ
Exchange traded funds have surged in popularity globally but the New Zealand financial services industry has yet to fully embrace them, according to some advisors.
Once a niche investment product when they were first created in the 1990s, PwC estimates ETF assets under management globally will reach at least US$19.2 trillion by June 2028, from US$11.5 trillion at the end of 2023. The consultancy’s research also found the number of managers offering ETFs has more than doubled since 2013.
New Zealand’s market size, and the relatively small amount of ...MORE»
Advisors must take note of supervisor guidelines on AML/CFTThursday, December 5th, 9:57AM 2 comments
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Investors’ eyes are on the prize with growth in impact fundsTuesday, December 3rd, 2:16PM
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