Investment News NZ

Consilium has hired Auckland asset consulting firm MyFiduciary to produce a new range of model portfolios for the Synergy Investments platform. MyFiduciary has built six new models for Synergy, bringing the total offerings on the Consilium-owned discretionary investment management service (DIMS) to 28. Vivecca Robinson, Synergy senior adviser … [Read More...] about MyFiduciary lands modeling job with Synergy

The final shape of the new default KiwiSaver universe will emerge by May next year under a government timetable released last week. In a KiwiSaver provider briefing panel held last Friday, the Ministry of Business, Innovation and Employment (MBIE) team running the default appointment process penciled in a final decision for late April … [Read More...] about Mayday call set for KiwiSaver defaults

Former Pie Funds chief operating officer (COO), Lance Jones, has resigned from the billion-dollar boutique’s board after a two-year stint as director. Jones stepped down as Pie COO and chief financial officer this April, ending a four-year stint in dual roles. Paul Gregory, who took over from Jones as COO, also leaves Pie next month for the … [Read More...] about Pie director bails; Federated Hermes makes move on APAC; civil union for Morningstar quant-qual teams

The MSCI group has launched a swathe of indices for the Australian market, its first single-country domestic indices outside the US. There are 52 Australian indices to choose from on top of custom indices, with the first two about to be launched by a client. As well as a full range of 16 Australian shares indices – from all-cap, through large, … [Read More...] about MSCI launches first non-US domestic indices in Australia

Almost half of the top 500 global fund manager brands have disappeared over the last decade, the latest Thinking Ahead Institute (TAI) annual review of the sector has found. The TAI study, released last week, says “232 names in our 2009 list of 500 largest asset managers are not in our 2019 list”. In somewhat of an understatement, the report … [Read More...] about Report shows short half-life for big fund brands in decade of change

The NZ retail funds sector topped up the kitty by almost $10 billion in the June quarter, according to new figures from consultancy firm Plan for Life (PFL), rounding off a remarkable recovery from the March 2020 lows. “Retail Managed Funds increased 9.3% during the June quarter to NZ$116.1bn and were similarly up 9.1% over the whole of … [Read More...] about Retail funds up $10bn as recovery continues in June quarter

The Financial Services Council is to now prepare a policy discussion (‘green’) paper for the industry and Government, to be delivered in 2021, following the release of a major report by Rice Warner proposing sweeping changes to Australia’s financial advice system. The Rice Warner report was commissioned by the FSC and discussed at the … [Read More...] about Rice Warner inspires FSC plan for simpler, cheaper Australian advice system