NZ shares flat as global tensions rise over potential Iran strike by Israel

The NZ sharemarket was flat on Thursday as investors looked overseas with concern after reports that Israel is considering a strike on Iran, affecting oil prices.

The S&P/NZX 50 Index closed up 0.34% or 43.17 points, rising to 12,649.10, with 36 million shares changing hands to the value of $123m.

The S&P/NZX 20 index closed at 7,446.67, up 0.23%, while the S&P/NZX 10 index ended the day at 1,900.99, a rise of 0.35%.

There were 71 gainers and 64 decliners on the main board.

'Overarching backdrop'

Salt Funds Management managing director ...MORE»

Investors need to check experience of private equity managers Thursday, June 12th, 6:00AM Investors wanting to access private credit investments should be looking at the quality and experience of the management team before deciding to invest, Roy Keenan, co-head of Australian fixed income at Yarra Capital Management said. MORE»

Generate funds new home loan business Tuesday, June 10th, 6:11AM  1 comment Generate is funding a new online home loan business which features the FMA chairman as a director. MORE»

Familiar names take top ethical investing awards

Unusually, there were joint winners of the Best Ethical Financial Adviser award for 2025.

Mindful Money handed out its annual ethical investment awards last night with familiar names taking out the top awards.

The Best Ethical Financial Adviser this year was focused on the best financial adviser, rather than the financial advisory firm, as in previous years.

Last year’s winner, Carey Church, shared this year’s award with Rodger Spiller.

The judges were impressed by the ...MORE»

Fisher Funds set to be biggest KiwiSaver PE player Friday, June 6th, 6:01AM  1 comment Fisher Funds has is planning to invest $1 billion of KiwiSaver funds into private equity. MORE»

FMA tells commerce minister CoFI is essential Thursday, June 5th, 6:00AM  3 comments The Financial Markets Authority (FMA) says the Conduct of Financial Institutions (CoFI) regime “is essential” for it and that the licensing process is complete for most providers with supervision and monitoring work now underway. MORE»

News Bites

InvestNow adds another low-cost Foundation fund

InvestNow has launched the Foundation Series Nasdaq-100 Fund, which offers exposure to the Nasdaq-100 Index through a Portfolio Investment Entity (PIE) fund structure, with low fees and added tax advantages. 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»

Harbour Investment Outlook: Markets rebound amid trade uncertainty

Global equities rebounded strongly in May, posting a return worthy of top decile historically, at 5.1% in unhedged NZD terms, and 5.6% NZD-hedged. Broadly, most sectors were positive, with healthcare an outlier at -3.7% and information technology leading the pack at +10.3%. MORE»

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Why Australians live so long

The Economist has an article on the matter of Australian longevity, noting that Australians outlive their anglophone peers by a significant margin. MORE»

TMM Online

Growth here, there, not quite everywhere

Westpac has upgraded its GDP growth expectations from 0.4% to 0.7% meaning a strong case for the RBNZ to leave the OCR unchanged at its July review. MORE»

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KiwiSaver provider Aurora Capital adds to investment team

Aurora Capital strengthens its investment team with senior appointment. MORE»

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KiwiSaver contribution rates to increase; Cuts to Govt contribution

The Government is increasing contribution rates to KiwiSaver, but at the same time reducing, and in some cases, removing the member tax credit. MORE»