Investment News

Trustees Executors (TE) is promising a faster, better, cheaper investment administration service after hooking up with an Australian superannuation fund to build a blockchain-based platform for the NZ market. Ryan Bessemer, TE chief, said the recently-inked agreement with Grow Super would reboot the almost 140 year-old trustee company into the … [Read More...] about Good to grow: TE cements blockchain deal with Aussie super fund

The NZX has forecast funds under administration (FUA) in its investment platform could hit $50 billion by 2023 with 80 per cent of that target already lined up in potential deals. According to the group’s half-year report released last week, the currently $2.1 billion NZX Wealth Technologies platform has $40 billion of prospective FUA … [Read More...] about NZX reveals $50bn platform ambitions, ETF expansion, FundSource price

The $42 billion NZ Superannuation Fund (NZS) is close to making a “sizeable” allocation to new factor strategies, according to chief economist, Mike Frith. Frith said after running a relatively small factor exposure through external managers AQR and Northern Trust over the last couple of years, NZS has “built confidence” in the … [Read More...] about NZ Super factors in more factors

The Financial Markets Authority (FMA) has formally licensed three new robo-advice providers under the current exemption process including the new KiwiSaver kid on the block, Kōura Wealth. As revealed here last week, Kōura – part-owned by Hobson Wealth – plans to launch a KiwiSaver scheme using “smart technology and best in class investment … [Read More...] about Local robo population explosion; Kōura gets a MIS

Former Russell Investments NZ head of institutional, Noah Schiltknecht, has launched a new consulting business targeting small-to-medium wholesale investors. Schiltknecht will trade under the Makao Investments brand, aiming to carve out a niche among the growing family office, charitable trust, advisory firms and iwi markets in NZ. Makao is … [Read More...] about Ex Russell consultant opens independent shop

The NZ Anglican Church Pension Board has adopted a new bilingual trading name to highlight the religious group’s broader financial mandate. As of last week, the religious body - which runs a number entities including the Christian KiwiSaver scheme – adopted the Anglican Financial Care/Te Maru Mihinare moniker. In a release, board chair, The … [Read More...] about Anglicans find shelter in rebrand; Baptists anoint new investment adviser

Value will come back. It must do. It’s the most persistent of styles, dating back to the research of Benjamin Graham in the 1930s. Its underperformance cannot go on much longer. Surely. Reece Birtles, admittedly biased towards the style, provides a compelling argument as to why the time is now to dive back in. Birtles, the long-time CIO at … [Read More...] about It’s time to pound the table for value

BlackRock has laid out the case for a coordinated fiscal and monetary shock policy to defibrillate the global economy as it struggles to register a pulse. In a new paper published last week, the BlackRock Investment Institute argues that with both monetary and fiscal losing potency, more radical approaches – such as the long-mooted ‘helicopter … [Read More...] about Clear: BlackRock’s shock economic heart-starting plan