Finely balanced, markets walking a tightrope
The Harbour team examine market movements in the past month, and what they are watching going forward.
Key developments
Global equity markets performed strongly in June with the MSCI World index (in local currency) returning 5.9% over the month. Early in June markets were assured by the US Federal Reserve (the Fed) Chair that the Fed will “act as appropriate to sustain economic growth”. While these words are unlikely to become as influential as ECB Chair Mario...MORE»
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General Finance Continues to Grow and Develop
General Finance Limited, the Reserve Bank of New Zealand Registered Non-bank Deposit Taker has had a very good 12 months to 31 December 2018. The Managing Director Brent King said “the 2018 year has been profitable for the lending markets in New Zealand. General Finance has had a very positive year.” MORE »
Goals-based investing: a different way of thinking
Investing to meet long-term goals and manage financial risks in a changing investment environment requires a different way of thinking. MORE »
A narrative to take markets higherThursday, July 11th, 8:20AM
We discuss the possible role for a once obscure economic theory that is gathering supporters around the world - Modern Monetary Theory. MORE» |
Responsible investment uptake highest in NZ: RIAATuesday, July 9th, 1:18PM
New Zealand has the highest proportional uptake of responsible investment funds among the world's major markets, according to the Responsible Investment Association of Australasia's latest benchmark report. MORE» |
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Cannasouth breaks listing droughtTuesday, July 2nd, 8:00AM
The IPO of medicinal cannabis company Cannasouth has broken a 2-year listing drought for the NZX. Unfortunately, for NZX investors we are not impressed by the latest listing on the market, which we see as a speculative pre-revenue business that was highly priced. MORE» |
Oh Lord's... what if a win comes down to economy rates?Friday, June 28th, 12:03PM
It’s getting to crunch time in the Cricket World Cup, as the Black Caps prepare to take on Australia this weekend to assume bragging rights ahead of the semi-finals. Nikko AM NZ’s head of bonds and currency, Fergus McDonald, compares some of the two rivals’ economic indicators for omens as to who might come out on top with a morale-boosting win … MORE» |
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General Finance seeing strong interest from UDC investors
The short term fixed interest market has been dominated by ANZ owned UDC over recent years. MORE»
Finance boost for UDC buyer
TIP Trailer Services, a subsidiary of HNA Group leading the purchase of UDC from ANZ, has secured new financing arrangements to a total of $2.7 billion for UDC which will be effective when the sale is complete. MORE»
UDC vote approves trust deed change
UDC Finance debenture holders have voted to pass a special resolution to change the company's trust deed, clearing the way for sale. MORE»
UDC: On track for sale
UDC Finance says its half-year profit of $30.2 million positions it well for new ownership. MORE»
FMT ticks over $500m in investments
While banks clamp down on lending and restrictions tighten for investors, one non-bank lender has more money to offer than ever. MORE»
Shareholders chip in
Kiwibank has had to go to its new shareholders for more money. MORE»
UDC gets downgraded on sale news
UDC has had its credit rating down-graded following ANZ's announcement it plans to sell the business to a private Chinese conglomerate, and questions are raised about the future of the finance company. MORE»
ANZ sells UDC Finance
ANZ Bank New Zealand has agreed to sell its asset finance business, UDC Finance, for $660 million to HNA Group. MORE»
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Pathfinder-backed KiwiSaver to target gender diversity
A new KiwiSaver scheme launching today will only invest in New Zealand listed companies that have at least one female director on their boards. MORE»
UK Pension Transfer Service Insight
NZ Funds’ new UK Pension Transfer Service aims to become market leader MORE»
Retirement policy: Call to start over
New Zealand is spending billions of dollars on KiwiSaver with no clear indication that it is leaving anyone better off, two retirement policy commentators say. MORE»
Out of the frying pan into the fire?
Over the lifecycle of a KiwiSaver investment switches will be required at key investor milestones but these can be clunky. Michael Lang talks about the alternatives MORE»
Mindful Money wants to boost ethical investment
The founder of a new responsible investment platform wants to get all KiwiSaver members to think about where their money is invested. MORE»
Inland Revenue to act on PIRs
Inland Revenue is moving to help make sure investors, including KiwiSavers, get on the correct prescribed investor tax rate (PIR). MORE»
Online advice an opportunity for KiwiSaver: SuperRatings
Few KiwiSaver providers are offering online advice, research firm SuperRatings has found. MORE»
Fund classification could trip up investors: Adviser
Investors need a better way of understanding how risky a KiwiSaver fund really is, one adviser says. MORE»
