NZX50 hits record as yield stocks remain in vogue
New Zealand shares outperformed Asia as companies offering reliable dividends helped lift the benchmark index to a record. Meridian Energy and Z Energy led the market higher.
The S&P/NZX 50 Index rose 86.29 points, or 0.8 percent, to 10,741.09, an all-time high. Within the index, 32 stocks rose, 11 fell, and seven were unchanged. Turnover was $110.0 million.
The NZX50 was the best performer across the 22 Asian equity indices tracked by Refinitiv and one of just four that was in positive territory. On average, it has the third-highest dividend yield at 4.54 percent, ...MORE»
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Former ANZ wealth boss joins Pie
ANZ’s former general manager of wealth products has taken a role with Pie Funds.
Ana-Marie Lockyer, who stood down from the bank at the end of last year, is now general manager of AA Finance.
But she has also joined the board of Pie Funds, which operates the Juno KiwiSaver scheme.
In addition to the board role, she will join the KiwiSaver committee and wealth and advice committee.
Lockyer has previously been a board member of the FSC and was had of strategy at ING.
“Ana ...MORE»
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