NZ sharemarket reaches 32-month high, up 1.5%

The New Zealand sharemarket rebounded 1.5% to a 32-month high, led by the increasingly influential Fisher and Paykel Healthcare – with some corporate action in minnow stocks.

After a strong lead from Wall Street, the S&P/NZX 50 Index began climbing late morning and closed at 12,820.28, gaining 187.93 points or 1.49%.

The index matched the levels seen in mid-January 2020. There were 85 gainers and 81 decliners over the whole market, with volumes of 32.3 million share transactions worth $126.83m.

Paul Robertshawe, chief investment officer with Octagon Asset Management, ...MORE»

[GRTV] New FAP regime creates opportunities for advisers Thursday, September 12th, 6:00AM The creation of Financial Advice Providers (FAPs) has created a whole new set of opportunities for financial advisers. MORE»

Turning 10: A Look Back at the Origin Story of Brokers, Plus How IPOs, Equities, and Self-Directed Investing are Tracking Thursday, September 12th, 5:40AM A Q&A with Greg Boland, Chief Strategy Officer, Tiger Brokers MORE»

Sharesies KiwiSaver adds multiple-base fund selection

Sharesies KiwiSaver members can now combine multiple base funds instead of having to choose only one for their KiwiSaver scheme.

When Sharesies launched its self-select KiwiSaver scheme last November, members had to choose between one of five base fund options, ranging from conservative to high

growth, and could also invest up to half their portfolio in individual company shares and ETFs. This year Milford Aggressive Fund was added and there are plans to add more, says Sharesies head of Kiwisaver Matt Macpherson.

Now customers ...MORE»

AIA Wellbeing Survey: Putting on your own oxygen mask first Tuesday, September 10th, 12:32PM The latest AIA Wellbeing Survey of Financial Advisers shows self-development scores are up from 2021 but still low overall. MORE»

The results are in Monday, September 9th, 3:09PM The deluge of results on both sides of the Tasman provided a host of contrasts, and highlighted the importance of being highly selective and discerning when it comes to active investing strategies. MORE»

News Bites

Nikko explains its new name

Nikko Asset Management is changing its name to Amova Asset Management. Find out what it means. MORE»

GoodReturns TV

[GRTV] From infantry to insurance, protection is a common thread

Four months after stepping into Naomi Ballantyne’s shoes, new Partners Life CEO Michael Weston, says he’d be naive to say the idea of taking the company forward wasn’t a bit daunting. MORE»

The results are in

The deluge of results on both sides of the Tasman provided a host of contrasts, and highlighted the importance of being highly selective and discerning when it comes to active investing strategies. MORE»

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AIA Wellbeing Survey: Putting on your own oxygen mask first

The latest AIA Wellbeing Survey of Financial Advisers shows self-development scores are up from 2021 but still low overall. MORE»

TMM Online

Differing views on latest CCCFA reforms

There are some differing views on the latest CCCFA changes announced this week, but one thing sector players agree on is that "the devil will be in the detail." MORE»

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3 new FMA board members

Commerce and Consumer Affairs Minister has made three new appointments and one reappointment to the Financial Markets Authority board. MORE»

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Sharesies KiwiSaver adds multiple-base fund selection

Sharesies KiwiSaver members can now combine multiple base funds instead of having to choose only one for their KiwiSaver scheme. MORE»