tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, February 29th, 7:13PM

News

rss
Latest Headlines

News Round Up

Enter the Stock Guru sharemarket game to win cash prizes. S&P gives the Global Masters Fund the thumbs down. Investors confidence up, OCR likely to stay the same. Eleventh OM-IP fund coming. St Laurence to accept over subscriptions.

Monday, January 23rd 2006, 2:06AM

ShareChat’s Stock Guru sharemarket game is back and this time you can win great cash prizes.

www.sharechat.co.nz is the biggest sharemarket and business news site in New Zealand other than the big portals. This year is is running a year-long buy-and-hold sharemarket game, plus a series of shorter games.

Entry is free and the winners of each game are eligible for great prizes including cash. The first 100 people to register for the game also receive a free subscription to What Business? The latest Sharemarket analysing software valued at $300. You can use this software to assist you in researching your stock selection.

Enter today. Click Here to get on board

S&P gives Global Master thumbs down
Standard & Poor's Fund Services has assigned the Global Masters Fund, managed by Growth Equities Corporation, a ‘Not Recommended’ rating.

The Growth Masters Fund is an exchange-traded fund which will have up to 80% of its money invested into the ‘A’ shares of Warren Buffet’s Berkshire Hathaway company. The remainder is in cash and bond funds in order to pay a dividend and fees.

“For the type of investor that is likely to be familiar with and want stock-specific exposure to Berkshire Hathaway, S&P cannot see the rationale for investing by way of this product. S&P considers that the ‘B’ shares are a better alternative for the retail investor to gain exposure, and these can be easily bought through local stockbrokers,” Standard & Poor’s fund analyst Simon Scott says.

He says there are issues with costs, a lack of liquidity, and the discount at which the shares may trade.

Investors confident in the face of a slowdown

Although the economy is destined for a slow-down of unknown magnitude investors are confident that they will be able to generate good investment returns. [more]

Economists expect no change in OCR this week
Economists expect recent data has been sufficiently soft to allow the Reserve Bank governor Alan Bollard to leave interest rates unchanged when he reviews his official cash rate (OCR) on Thursday. [MORE].

11th OM-IP fund coming
Man Investments plans to launch Series 11 of its OM-IP 220 on February 6. This will be the 11th OM-IP 220 fund to be launched since 1997. The first 10 funds having raised more than A$1.2 billion.

Series 11 OM-IP 220 is expected to be structured as a medium to long term investment aiming to generate medium term capital growth and provide the security of a capital guarantee and a rising guarantee from National Australia Bank. The investment strategy is to harness the performance of two complementary approaches, the AHL Diversified Program and the Glenwood Portfolio.

St Laurence accepting over-subscriptions
St Laurence Property & Finance has successfully reached the offer amount of $25 million under its Series 3 Bond Offer, and has exercised its right to accept over-subscriptions up to further maximum amount of $25 million. The offer opened on December 15 and it is scheduled to close on March 31. The fixed interest rate on the Bonds is 9.25% annually with a maturity date of May 15, 2011.

“We have decided to accept over-subscriptions to satisfy market demand for the bonds,” chief executive John Mallon says.

« Milford to manage NZ shares for ArcusSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.45 7.05 6.85
ANZ 8.64 7.99 7.49 7.35
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.39 6.89 6.75
ASB Bank 8.64 7.39 6.89 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - ▼7.29 ▼6.85 ▼6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 ▼7.89 ▼7.45 ▼7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.15 - -
Co-operative Bank - Owner Occ 8.40 7.35 6.89 6.75
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.85 7.39 7.25
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.85 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.59 7.29
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.35 7.89 7.65
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.35 6.89 6.75
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.90 7.39 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.30 7.89 7.69
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.30 8.89 8.69
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.95 7.45 7.29
SBS Bank Special - 7.45 6.95 6.79
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 7.05 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.19 7.55 7.55
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.39 6.75 6.75
Unity 8.64 6.99 6.85 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 7.15 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.45 7.37 6.77

Last updated: 28 February 2024 11:55am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com