NZX50 slides as investors clear the decks for $525m Contact capital raising
The a2 Milk Co beat earnings expectations, grabbing record market share in China.
New Zealand’s S&P/NZX 50 index was one of the laggards across Asia, with Meridian Energy, Genesis Energy and Mercury NZ all declining as investors cleared their portfolios to take part in Contact Energy’s $525 million capital raising.
Contact was among companies reporting, with a2 Milk Co rallying after beating earnings expectations as it continued to gain market share in China, while ...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» |
Market, meet your new Fed ChairMonday, February 16th, 10:00AM
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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Mint and Wedge get together for a new bond fund
MInt teams up with newcomer Wedge to launch a new bond fund.
Mint Asset Management and newcomer Wedge Management are getting together to launch a new Trans-Tasman fixed income fund.
Wedge founder and Managing Director Dave McLeish it makes to partner with Mint as they are a trusted and highly respected name in New Zealand.
Mint Chief Executive Kirsten Boldarin said the new fund fills a hole in its product suite and that it made sense to draw on the investment ...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» |
Client reviews – what is expected of advisers?Monday, February 9th, 5:03PM 10 comments
[Opinion] A complaint against an adviser who did not know his client had two life policies has led to some discussion on the importance of regular reviews. 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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FAMNZ boss leaves
The head of adviser association, FAMNZ, is hanging up his shingle leaving the New Zealand seven months after the country head resigned. MORE»
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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»
