NZX50 surges as RBNZ cools expectations for a pre-election rate hike
Spark and Fletcher’s earnings left investors wanting more.
New Zealand’s S&P/NZX 50 index posted its biggest gain since May after the Reserve Bank kept the official cash rate at 2.25% while playing down the prospect of a hike before November’s general election, which pushed down swap rates and knocked the kiwi dollar below 60 US cents.
Exporters such as index heavyweights Fisher & Paykel Healthcare and Ebos Group paced gains on the benchmark ...MORE»
Investors lose out if worried managers ‘greenhush’Wednesday, February 18th, 7:28AM
Investment managers so worried about falling foul of “greenwashing” rules may be going too far the other way and “greenhushing” their investments. MORE» |
TAP moves away from traditional aggregationTuesday, February 17th, 6:10AM 3 comments
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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Shaping the Future of Financial Advice: An Interview on OMNIMax’s Investment Adviser Tool
Financial advisers need to deliver clear, and client-friendly advice. OMNIMax has developed Investment Adviser Tool to make that process more efficient while improving the client experience. MORE »
Deal creates one of the world's largest active manager shops
Two managers represented by Heathcote Partners in New Zealand have agreed to a merger at at £9.9 billion.
New York-based Nuveen, which entered the New Zealand market last year plans to acquire Schroders for £9.9 billion.
The deal will create one of the largest active global asset management firms in the world with US$2.5 trillion of assets under. management.
"The combined group will operate with significant scale and capabilities in the world’s largest financial centres with a presence ...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» |
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» |
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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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Fidelity Life is refreshing the structure of its Adviser Council
The refresh is designed to ensure the council remains future focused and responsive to rapidly changing customer expectations, technology shifts, regulatory developments and broader market dynamics. MORE»
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TMM Online
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[What the RBNZ said] Why the cash rate stayed unchanged
The Reserve Bank left the OCR unchanged today and indicated it may stay "accomodative" for some time. 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»
