NZ shares finish shocker week down 3.5%

New Zealand shares fell on Friday as the local market continued to follow the US which has been falling precipitously ahead of interest rate hikes pencilled in for March.

The S&P/NZX 50 Index fell 149.1 points, or 1.2%, to 12,348. Turnover was $172 million.

US markets spent most of the overnight session trading higher but reversed course in the last two hours of trading.

Perhaps investors were listening to a warning from well-known investor Jeremy Grantham, who released a paper arguing the US markets were approaching the end of a “super-bubble”.

Grantham ...MORE»

ASB warns of high inflation, falling house prices Friday, January 21st, 8:27AM  2 comments ASB is warning of continuing challenges from Covid 19, high inflation and worker shortages this year. MORE»

Is the inflation genie out of the bottle? Thursday, January 20th, 6:55AM Inflation is back. Mint Asset Management head of investments, Anthony Halls, explains why and what it means for investors. MORE»

Ignite Advisers look to the future

After breaking the chains of an aligned advice model Ignite Advisers are on the hunt for a new manager to help lead the former Tower financial advisory group into the future.

Ignite's chairman James King says having moved away from an aligned environment with "...some rigid contractual constraints passed over from the Tower sale to Fidelity," the co-operative adviser association has been looking for a multi-talented and experienced advisory expert to take the reins.

Ignite Advisers was formed out of TFAS, which was taken over by Fidelity Life and rebranded ...MORE»

The return of value investing Tuesday, January 18th, 6:22AM After years of being beaten by growth, value investing is making a comeback. MORE»

Flint investment platform ignited Monday, January 17th, 7:17AM After a long delay new investment platform Flint is in the market in a beta phase. MORE»

News Bites

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FSC advice summit set for February

The Financial Services Council is taking registrations for its Future Ready Advice Summit being held in Queenstown in February next year. MORE»

GoodReturns TV

[GRTV] Rob Everett on value for money, the great KiwiSaver land grab and fees

What's value for money with KiwiSaver? Former Financial Markets Authority chief executive Rob Everett provides answers in this Good Returns TV interview.  [Including Podcast] MORE»

Investments

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Is the inflation genie out of the bottle?

Inflation is back. Mint Asset Management head of investments, Anthony Halls, explains why and what it means for investors. MORE»

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Cigna extends adviser-only campaign

Cigna is extending its 'Good things come in twos' offer to advisers and is backdating the campaign to December 17. MORE»

TMM Online

ASB warns of high inflation, falling house prices

ASB is warning of continuing challenges from Covid 19, high inflation and worker shortages this year. MORE»

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Suncorp refreshes senior leadership

Suncorp refreshes its senior leadership team to take the business forward. MORE»

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Simplicity drops membership fees for all products

Simplicity has dropped its membership fees from all of its products effective immediately. MORE»