Contact leads NZX50 to five-month low in holiday trading across Asia
The local market followed Wall Street futures rather than Australia’s lead.
Contact Energy led the S&P/NZX 50 index lower as the power company resumed trading after raising $450 million in a discounted placement to institutional investors, with a $75 million retail offering still to come.
Trading across Asia was light with the Lunar New Year keeping markets closed in China, Singapore and Hong Kong, although BHP drove Australia’s S&P/ASX 200 index higher as its ...MORE»
TAP moves away from traditional aggregationTuesday, February 17th, 6:10AM
The Adviser Platform (TAP) is moving away from being a traditional aggregator to opening up its services to anyone in the market. MORE» |
Deal creates one of the world's largest active manager shopsMonday, February 16th, 11:25AM
Two managers represented by Heathcote Partners in New Zealand have agreed to a merger at at £9.9 billion. MORE» |
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Market, meet your new Fed Chair
In its latest Outlook Harbour Asset Management says the Reserve Bank of Australia is something to watch and global equity markets remain volatile even though there is a constructive backdrop.
Key market movements
Global equities got off to a strong start despite renewed geopolitical tensions. The MSCI ACWI fell 2.1% in NZD terms but rose 2.3% for NZD‑hedged investors, with currency moves dominating performance as US dollar softness offset solid underlying global momentum.
New Zealand and Australian equities were mixed. The S&P/NZX 50 declined 0.9% as local markets lagged the global ...MORE»
Mint and Wedge get together for a new bond fundFriday, February 13th, 8:05AM
MInt teams up with newcomer Wedge to launch a new bond fund. MORE» |
Booster pushes for info on how other fund managers operateThursday, February 12th, 6:11AM
Booster Investment Management is seeking documents the Financial Markets Authority holds on how other fund managers run their private market investments as the KiwiSaver provider prepares for next year’s defence of how it ran transactions through its own related vehicle. MORE» |
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News Bites
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Shaw and Partners buys Wellington advice firm
Shaw and Partners, previously JMI Wealth, has expanded its reach buying a Wellington-based financial planning business. 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»
Market, meet your new Fed Chair
In its latest Outlook Harbour Asset Management says the Reserve Bank of Australia is something to watch and global equity markets remain volatile even though there is a constructive backdrop. MORE»
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Southern Cross CEO steps down
After 10 years in the role Southern Cross's Chief Executive is stepping down. MORE»
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TMM Online
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TAP moves away from traditional aggregation
The Adviser Platform (TAP) is moving away from being a traditional aggregator to opening up its services to anyone in the market. MORE»
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Sponsored by: |
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ANZ loses head of asset allocation (again)
The Head of Asset Allocation at ANZ is returning to her old shop to take up a newly-created role. MORE»
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Low-fee KiwiSaver providers to the fore in Morningstar survey
Kernel is celebrating taking the top spot for the high-growth and cash categories in its first three full years. MORE»
