Archives for 2018

BNZ has released a new suite of retail funds under the ‘YouWealth’ banner. The five risk-weighted multi-manager funds range from income to growth with respective annual fees rising from 1.1 per cent to 1.4 per cent. According to the YouWealth product disclosure statement (PDS): “The Funds invest in a range of different types of assets… [Read More…]

Former RaboDirect key account investments manager, Michael Courtney, has followed the group’s funds across to the Wellington-based Implemented Investment Solutions (IIS). Courtney, who looked after the now-closed RaboDirect managed funds business, will join IIS in a new role as head of fund hosting on April 23. IIS direct fund investing business, InvestNow, bought the RaboDirect… [Read More…]

BNZ, Kiwi Wealth and Milford Asset Management signed off on a year of stellar retail fund growth with more chart-topping efforts in the final quarter of 2017, according to new data from Australian researcher, Strategic Insight (SI). The trio of managers all grew well above average over the December 2017 quarter led by Milford, which… [Read More…]

Takapuna-headquartered boutique firm, Pathfinder, has become only the second NZ-domiciled manager to join the Investor Group on Climate Change (IGCC). To date, the NZ Superannuation Fund has been the sole Kiwi representative in the IGCC, which describes itself as a “collaboration of Australian and New Zealand investors”. “The IGCC represents institutional investors, with total funds under… [Read More…]

Financial data provider, Bloomberg, will widen coverage of environmental, social and governance (ESG) factors to include a larger group of NZX-listed firms. Bloomberg provides ESG analysis on just over 20 of NZX companies but would more than double that for the next financial year, according to a spokesperson for the firm. “We currently have 21… [Read More…]

Securities Services firms will be transformed by technological change while enjoying better times from new value-add services for clients and higher interest rates, according to McKinsey & Co. In a new report, ‘A Calm Surface Belies Transformation in Securities Services’: the big management consulting firm is predicting slightly higher revenue growth over the next five… [Read More…]

Founder of Australian industry website Investor Strategy News,  Greg Bright, gives an inside account of how some Australian superannuation funds and financial services veterans are giving back in Timor Leste   For years Australia did nothing. Now, at least, we are giving the formerly downtrodden but-still poor people of Timor Leste a chance for a… [Read More…]

Graham Ansell, head of NZ’s largest fund manager, has resigned after serving more than two decades with ANZ. Ansell, who has been chief investment officer for the $28 billion plus ANZ Investments for five years, will be replaced in the interim by Paul Huxford next month. In a statement, ANZ said Huxford was an “experienced… [Read More…]

It is understood Fisher Funds has hired senior research analyst with low-profile NZ-based hedge fund Trafalgar Copley, Robbie Urquhart, as head of Australian equities. According to industry sources, Urquhart will replace Manuel Greenland, who resigned Fisher last year to take up a position with a new investment business operated by the Graeme Hart-owned Rank Group…. [Read More…]

Investment management margins could drop by up to a third as the industry goes through a period of “enormous structural change”, new Russell Investments global chief, Michelle Seitz, told the group’s NZ conference last week. “After 30 years in the business this is the biggest structural change I have ever seen,” she told the Russell… [Read More…]