Index heavyweights do the heavy lifting
New Zealand's benchmark index rose on Thursday – the day before NZ celebrates Matariki as a public holiday for the first time – thanks to index heavyweights pulling the market higher.
The S&P/NZX 50 Index rose 135.2 points or 1.27% to 10,813.92. Turnover was $109.6 million and 55 stocks fell while 87 stocks rose.
Peter McIntyre, an investment adviser at Craigs Investment Partners, said it had been a “strong performance” thanks to big support for Ryman Healthcare, Contact Energy and Fisher & Paykel Healthcare.
Ryman Healthcare shares were up 2.3% to $9 today ...MORE»
COFI bill plans further crackdown on sales incentivesThursday, June 23rd, 8:10AM 5 comments
The Financial Markets (Conduct of Institutions) Bill (COFI) will be given extra teeth to crack down on sales incentives, according to the man who is driving it through parliament. MORE» |
Adviser calls on David Clark to name new appointees to code committeeWednesday, June 22nd, 5:59AM 1 comment
A senior adviser is urging Commerce and Consumer Affairs Minister David Clark to name the two people he says he has appointed to the Financial Advice Code Committee. MORE» |
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Ethical Investment conference and awards details
Mindful Money is planning to run its annual ethical investment conference and awards on June 28. More details here. MORE »
The income equation: why the bond+equity solution still adds up
Income-focused investors have had it tough in the post global financial crisis (GFC) era.
By Marek Krzeczkowski
Forced by the global financial crisis into interest rate cuts and unconventional moves such as ‘quantitative easing’, central banks set the scene for the lower-for-longer era that dragged on for more than a decade.
With inflation seemingly benign despite the extreme volume of free money flowing through the system, monetary authorities loosened further – even ...MORE»
Lower returns for longer; Advisers will have to work harderTuesday, June 21st, 6:00AM
Financial advisers have been told to expect single-digit returns on investments “for the foreseeable future.” MORE» |
FNZ numbers revealedMonday, June 20th, 7:58AM
Price FNZ paid for Hatch revealed along with funds under administration numbers. MORE» |
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Flint Wealth gets responsible
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[GRTV] It's time to rethink responsible investing
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The income equation: why the bond+equity solution still adds up
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Uptick in litigation predicted if Insurance Contracts Bill passes in current form
Insurers and their lawyers are urging the government not to scrap the industry’s exemption from the unfair contract terms provisions of the Fair Trading Act 1986, warning of a higher litigation risk, higher premiums and “significant” uncertainty for both insurers and policyholders if the exemption is removed. MORE»
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TMM Online
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New player enters mortgage group space
Mortgage advisers have a new dealer group option to consider. MORE»
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Finzo adds compliance manager
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Financial Services Council defends KiwiSaver after criticism
The finance industry says it is improving the KiwiSaver system but it is a work in progress. MORE»
