NZ sharemarket ends week up nearly 1.8%
The New Zealand sharemarket maintained a positive tone as it joined others offshore in anticipating another round of China economic stimulus.
The S&P/NZX 50 Index picked up steam in the afternoon and closed at 12,845.64, up 91.06 points or 0.71%. The index gained nearly 1.8% for the week.
Trading was steady, with 31.19 million shares worth $119.43m changing hands.
Shane Solly, portfolio manager with Harbour Asset Management, said the local market was grinding higher “after the Reserve Bank opened the tanks and is moving with ...MORE»
Tattoo removal and IVF companies are part of Generate's new PE dealFriday, October 11th, 3:46AM
Generate KiwiSaver makes another investment into private equity. MORE» |
NZX’s Smart links up with iShares to launch new fundsThursday, October 10th, 6:00AM
Smart, formerly SmartShares, is launching four new ETFs in a new strategic alliance with BlackRock's iShares. MORE» |
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Advisers frustrated with NZCFS L5 marking
South Island FAPs say NZ Certificate of Financial Service L5 marking is taking too long and is inconsistent.
Christchurch-based Chris Boon has two FAPs; Adelphi Insurance Brokers in risk and Adelphi Financial Services in the mortgage space, employing up to 24 advisers.
“In the last 20 years I’ve brought new people into the industry and trained them from scratch. I have no problem with the regulatory change, but the time taken to get somebody qualified is frustrating.”
He says an adviser ...MORE»
Sharesies KiwiSaver to offer self-select for US sharesTuesday, October 8th, 1:57PM
Sharesies KiwiSaver is ramping up exposure to the US, and will allow members to select individual US stocks, as well as a new Sharesies US500 fund based on the Vanguard S&P 500 ETF (VOO). MORE» |
Is NZ Funds Management for sale?Tuesday, October 8th, 5:41AM
A note to New Zealand Funds Management's accounts filed with the Companies Office suggests the business may be for sale, although information Good Returns has been able to glean has been contradictory. MORE» |
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Fin Advice partnership extended
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[GRTV] Stronger and more unified voice needed to force KiwiSaver changes
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Harris or Trump? It doesn’t matter for investors
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Don’t overlook impact of TPD, adviser urges
Total and permanent disability (TPD) cover is something that might be being underestimated by a lot of clients and their insurance advisers, says Travis Hamilton of Plan B Financial Services. MORE»
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Banks slash floating rates after 50bp OCR cut
The Reserve Bank cut its official cash rate (OCR) by 50 basis points to 4.75%, as expected, and said it assesses that inflation is now within its 1% to 3% target range “and converging on the 2% midpoint.” MORE»
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New executive appointment at FMA
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Tattoo removal and IVF companies are part of Generate's new PE deal
Generate KiwiSaver makes another investment into private equity. MORE»
