Blue chips out in force as NZX50 surges for a second day

Auckland Airport gained momentum through the day.

New Zealand’s S&P/NZX 50 index rose for a second day with blue chips Fisher & Paykel Healthcare, Ebos Group, Meridian Energy and Mercury NZ among those pacing the benchmark higher in an upbeat day across Asia, with Australia’s S&P/ASX 200 index hitting a record.

Fletcher Building led the NZX50 higher with the building materials firm getting a mixed review from brokers after ...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 aggregation Tuesday, February 17th, 6:10AM  4 comments 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 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 Chair Monday, 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 fund Friday, February 13th, 8:05AM MInt teams up with newcomer Wedge to launch a new bond fund. MORE»

News Bites

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»

GoodReturns TV

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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Advisers question whether churn still an issue

Advisers say the Financial Markets Authority is right to take action on any cases where policies are being replaced irresponsibly – but it’s unlikely to be widespread. MORE»

TMM Online

ASB joins low deposit Kāinga Ora scheme with some benefits

Mortgage advisers can now use ASB for clients buying a home under the Kāinga Ora First Home Loan scheme. 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»