Biggest has baddest returns
Almost all diversified KiwiSaver funds in the Melville Jessup Weaver survey for the December quarter achieved positive returns with growth funds averaging about 4% and conservative averaging about 15 after fees but before tax.
The latest survey found Generate's was the best performing growth fund out of the 14 funds tracked with a 5% return for the latest three months, followed by Simplicity's with a 4.8% return and ASB's with a 4.4% return, while the worst performing growth fund was ANZ's with a 1.6% return for the quarter.
Generate's $1.78 billion was also the best performer over one year with a 19 ...MORE»
Angels fear consequences of FMA wholesale investor test caseThursday, January 23rd, 8:54AM
Angel investors are concerned their ability to invest in startups could be in jeopardy if the Financial Markets Authority gains support for its stance on wholesale investors’ eligibility. MORE» |
Harbour Outlook: So much for the Christmas rallyWednesday, January 22nd, 10:00AM
December saw mixed market movements influenced by currency shifts, central bank actions, and economic trends, shaping the investment outlook for the months ahead. MORE» |
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Xceda adds another string to its bow
Reserve Bank licensed deposit taker Xceda is starting to broaden out its loan products offering. MORE »
New Zealand Equity Monthly October 2024
Start of rate-cutting cycle provides promising signs for New Zealand equities MORE »
Investor mortgage borrowers’ sentiment takes a nose dive
Property investor mortgage borrowers are worried interest rates will rise this year, and this cycle of the market won’t result in firm house price increases.
Property investor mortgage borrowers are worried interest rates will rise this year, and this cycle of the market won’t result in firm house price increases.
Despite REINZ data showing house prices edging up slowly, property investors appear disbelieving, the latest Crockers/Tony Alexander survey shows.
The latest QV House Price Index released yesterday shows residential property values edged ...MORE»
Jumping off the short-term interest rate bandwagonTuesday, January 21st, 9:08AM
While borrowers have flocked to floating to one year fixed term home loan rates over the past year in anticipation of interest rate cuts one mortgage broker urges his clients to think about the ramifications carefully. MORE» |
Open finance momentum expected to gather pace in 2025Monday, January 20th, 9:20AM
New regulations dictating how open finance works for the banking sector could be in place by the end of the year with advisers encouraged to start thinking about how developments could change the way they do business. MORE» |
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News Bites
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New Partnership to Upskill New Zealand’s Financial Capability Workforce
A new partnership between Massey University’s Financial Education and Research Centre (Fin-Ed Centre) and the Booster Foundation aims to address gaps in New Zealand’s financial advice sector. MORE»
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GoodReturns TV
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[GRTV] Stronger and more unified voice needed to force KiwiSaver changes
The Retirement Commissioner Jane Wrightson talks to Philip Macalister about changes she would like to see made to KiwiSaver. MORE»
Harbour Outlook: So much for the Christmas rally
December saw mixed market movements influenced by currency shifts, central bank actions, and economic trends, shaping the investment outlook for the months ahead. MORE»
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[Opinion] CPD – identifying the stuff we don’t know but really should
Opinion: The Code requires advisers to do annual CPD (Continuing Professional Development). I come across various questions from life advisers about CPD, so I thought the beginning of the year might be a good time to share my thoughts on those questions regarding CPD for giving life and health insurance advice (not that required for selling or running your business). MORE»
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TMM Online
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PM suggests RBNZ make OCR decisions more often
As business confidence improves, Prime Minister Christopher Luxon wants the RBNZ to take more frequent OCR decisions. MORE»
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Milford gets new CEO
Head of listed insurer to take up CEO role at Milford Asset Management. MORE»
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Appeal of one-stop shop helps drive Sharesies’ KiwiSaver growth
Sharesies is a recent arrival on the KiwiSaver scene but says it’s finding favour with customers who access all their investments in one place. MORE»
