News Round Up
Monday, July 7th 2003, 7:04AM
The ASB Bank, in its latest housing survey says the sector ain’t run out of puff yet.
The quarterly housing confidence survey shows that the majority of New Zealanders expect house prices and interest rates to increase. [MORE]
Multi-manager bond approach
BNZ Investment Management is dumping its international bond manager, Credit Suisse Asset Management, and replacing the firm with a multi-manager style.
Its two new managers will be PIMCO, a US-based firm which is also used by some other New Zealand managers, and Fischer Francis Trees & Watts, which manages money for Guardian Trust Funds Management.
BNZ says although the fund “has won a number of industry awards” it needed to “continuously provide investors with a top performing international fixed interest trust.”
The two new managers have complementary styles which should provide more consistent performance with reduced volatility, BNZ says.
Why should you come to the FPIA Convention
The session programmes are considered one of the best ever. This year the organisers have five workshop streams designed to cater for all levels of experience and expertise. Besides just an insurance and investment stream there are also advanced streams for both groups, plus there is a practice management stream.
Finance minister Michael Cullen told the Hawkes Bay branch of the FPIA on Friday that the government will announce where it is at with regulation at the conference. Attending the conference will allow you to hear first hand what the government is thinking, ask questions and discuss the issue with other planners.
Good Returns is pleased to support this year’s Success Forum, which is being held in Rotorua from July 24-26.
Register here
Find out more about the convention here
| « NBNZ tops new Morningstar ratings | Sovereign takes regulation bull by the horns » |
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