NZ sharemarket up but Pacific Edge waits for coverage confirmation

The New Zealand sharemarket rose today following Genesis’ release of its third-quarter report late on Wednesday. At the same time, Pacific Edge awaits a crucial decision Friday on whether it will retain US coverage.

The S&P/NZX 50 Index closed up 0.51% or 61.37 points, rising to 12,017.84, with 29,855,807 shares changing hands to the value of $174.1 million.

The S&P/NZX20 index closed at 7,131.57, up 0.39%, while the S&P/NZX10 index closed at 1,820.88, up 0.28%.

There were 92 gainers and 42 decliners on the main board.

'A pretty good quarterly report'

Late Wednesday night, Genesis Energy ...MORE»

ANZ refreshes its investment beliefs Thursday, April 24th, 6:00AM ANZ Investments, the biggest KiwiSaver provider, has had a rethink of its investment beliefs and made changes to how it manages funds. MORE»

Milford's KiwiSaver shines while ANZ enjoys a rare March qtr Wednesday, April 23rd, 8:39AM Milford Asset Management’s KiwiSaver funds enjoyed a better performance than all other KiwiSaver funds in the March quarter but returns were generally poor, the latest Melville Jessup Weaver survey shows. MORE»

[Opinion] Life advisers need a mindset change: away from ‘we sell’ to ‘we advise’.

Opinion: Selling is essential in life insurance, but as necessary as it is, it must now be accompanied by suitable advice. We live in a new advice environment – changes are likely needed from what we did before because there are several new expectations.

Opinion:  Selling is essential in life insurance, but as necessary as it is, it must now be accompanied by suitable advice. We live in a new advice environment – changes are likely needed from what we did before because there are several new expectations.



Advisers must be competent enough to give advice with due care diligence, skill and competence – advisers must know their stuff!

Clients ...MORE»

Another KiwiSaver scheme joins the market Thursday, April 17th, 7:33AM  4 comments Consilium is launching an own brand KiwiSaver to sit alongside its premium KiwiWrap scheme. MORE»

Elevation Capital joins forces with Blackbull analyst Eden Bradfield Wednesday, April 16th, 8:28AM Elevation Capital founder Chris Swasbrook is expecting that the huge following Blackbull Markets analyst Eden Bradfield has built up will be instrumental in helping to grow the size of his firm’s funds under management, currently $175 million. MORE»

News Bites

TA Associates deal to buy Craigs stake clears hurdles

Craigs Investment Partners shareholder have approved a proposal to sell a 50% share in the company to global private equity firm TA Associates. MORE»

GoodReturns TV

[GRTV] Antipodes portfolio manager discusses emerging markets fund's potential amid volatility

Antipodes Portfolio Manager John Stavliotis discusses the opportunities in emerging markets, their strong growth potential and diversification benefits.  MORE»

Economic vandalism

With Donald Trump having delivered a seismic shock to world trade, and then “back-flipped,” the benefit of a adopting a “cool head” has never been more apparent. MORE»

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Non-PHARMAC medicines coverage – aiming for a data-informed evaluation

Non-PHARMAC coverage has become increasingly important to clients purchasing private health insurance, primarily due to rising public demand for treatments and medications not funded by PHARMAC (the government agency overseeing public pharmaceutical purchasing and subsidy). MORE»

TMM Online

Sitting back and taking a calm attitude

Westpac is sticking to its forecast of a 3.25% OCR bottom. MORE»

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Generate promotes one of its distribution team

Generate appoints Marc Grigg as national investment distribution manager. MORE»

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Milford's KiwiSaver shines while ANZ enjoys a rare March qtr

Milford Asset Management’s KiwiSaver funds enjoyed a better performance than all other KiwiSaver funds in the March quarter but returns were generally poor, the latest Melville Jessup Weaver survey shows. MORE»