About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, November 21st, 5:02PM
rss
News Bites

NZX50 gets rebrand

NZX Limited and S&P Dow Jones Indices, one of the world’s leading providers of financial market indices have signed a strategic agreement to jointly develop, produce and commercialise co-branded investable indices featured on NZX platforms and related data products.

Friday, February 27th 2015, 4:12PM

The agreement will see the two parties collaborate on the development and commercialisation of the New Zealand index business across equity and fixed income securitie and see the NZX50 rebranded the S&P/NZX50.

From June 21, S&P DJI will assume responsibility for calculating, publishing and disseminating the NZX indices as well as their distribution and marketing in overseas markets.

This relationship capitalises on NZX’s experience in building and operating capital and risk markets and infrastructure, and S&P DJI’s proven track record in global index sales and marketing.

Additionally, it opens the door to developing a greater variety of benchmarks representing the New Zealand financial market.

NZX CEO Tim Bennett said: “We’re excited to be working with S&P DJI, the world’s leading provider and distributor of market indices, and we’re confident that this partnership will further increase the appeal and profile of the New Zealand market among both global and local investors. This partnership will put the New Zealand market on an equivalent footing with other leading markets around the world in terms of calculation methodology, format and distribution. We are looking forward to a constructive and fruitful relationship with S&P DJI.”

Alex Matturri, chief executive of S&P Dow Jones Indices, said: “New Zealand has all the typical characteristics of a developed market economy but meanwhile boasts immense potential for the growth of index-based investing. Through our collaboration with NZX Limited, we are proud to be at the centre of a series of trailblazing initiatives to facilitate greater investor access to this vibrant market. We are committed to raising the global profile of the NZX indices with our well-recognised marketing and international commercialisation capabilities that utilise the strength of our brand and over 115 years of experience in providing transparent and independent financial market indices.”

Existing and future indices will be branded under the S&P and NZX brands.

NZX said it would also like to acknowledge the contribution that ANZ has made to the suite of debt indices over the past six years.

ANZ head of global markets New Zealand Andrew Allan said: “ANZ is proud of its involvement with the ANZ Debt Market Indices over the past six years and with the significant development in both the indices and the New Zealand market over that time. We have valued our working relationship with NZX and are committed to working with NZX, S&P DJI and our customers to ensure this development continues over the coming years.”

« FMA warning Accuro donation »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Latest Comments
  • Details confirmed for transitional licensing
    “And the other requirement is to have an internal complaint process as set out in the licence conditions. It’s good to see...”
    9 hours ago by Mr Slater
  • When is a client really a client?
    “And this subtle upgrade to the understanding of a complaint. Which changes the ISO definition from an expression of dissatisfaction...”
    3 days ago by JPHale
  • When is a client really a client?
    “Just released additional standards from the FMA. Record keeping potentially until 7 years after the death of the life...”
    3 days ago by JPHale
  • When is a client really a client?
    “@ReganT interesting that the two life advisers involved with the code working group discussion are the ones being argued...”
    3 days ago by JPHale
  • When is a client really a client?
    “In a previous reply I responded to the concept of payment as a trigger. I actually agree it’s not. While we don’t often...”
    4 days ago by regant
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 3.95 4.49
ANZ Special - 3.55 3.45 3.99
ASB Bank 5.20 ▼3.89 ▲4.05 4.39
ASB Bank Special - ▼3.39 ▲3.55 3.89
BNZ - Classic - 3.55 3.45 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
HSBC Premier 5.24 3.35 3.35 3.35
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank 5.80 ▼4.14 ▲4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▼3.39 ▲3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.55 3.39 3.89
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.35 4.25 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.55 3.45 3.99
Median 5.34 4.02 4.09 4.39

Last updated: 21 November 2019 9:39am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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