KiwiSaver funds under management (FUM) verged on $60 billion as at the end of March this year, new figures from the Financial Services Council (FSC) have revealed. The FSC KiwiSaver numbers – based on a survey by its twin organisation, Workplace Savings NZ (WSNZ) – found total market FUM hit more than $58.5 billion as… [Read More…]
Archives for 2019
Hot investment tips: climate sequel features atmospheric plot, portfolio action
Mercer has laid out a new portfolio ‘stress test’ to model the short-term impact of climate change surprises – including regulatory change – on portfolios in the follow-up to its ground-breaking 2015 study. The recently-published ‘Investing in a time of climate change – the sequel’ updates Mercer’s influential 2015 report with a swag of new… [Read More…]
RBC I&TS parts ways with its Aussie boss
RBC Investor & Treasury Services has replaced its Australian managing director, David Travers, after 10 years with the firm. The top position has been filled, at least in the interim, by Andy Allen from the firm’s Singapore office. Travers, who also had a two-year role as head of Asia Pacific for RBC I&TS over 2012-2013,… [Read More…]
Australian fund bundler to sound out NZ, launches global small cap option
Another Australian-based multi-affiliate funds management firm is planning a foray across the Tasman to build on a couple of existing NZ institutional relationships. GSFM chief, Damien McIntyre, said the Melbourne-headquartered fund distribution business would test both institutional and retail demand in NZ for its range of specialist managers. GSFM (known as Grant Samuel Funds Management… [Read More…]
Risk disclosure post FMC: why less has gone too far
Buddle Findlay partner, Jan Etwell, and senior associates, Rebecca Green and Tim Hayward, from the law firm’s Christchurch banking and finance team, argue the ‘less is best’ case for investment product risk disclosure is looking increasingly flawed… “October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July,… [Read More…]
Funds rev up for ANZ as Aussie parents fret NZ capital proposals
ANZ NZ raked in almost $130 million in funds management income over the six months ending March 31, the bank’s just-published half-yearly accounts reveal, up about 2 per cent year-on-year. According to the ANZ figures, the NZ business reported funds under management (FUM) of more than $31 billion as at March 31 this year, of… [Read More…]
Building blockchains: FNZ links in, Calastone hooks up, ASX tests on
Wellington-founded investment platform firm FNZ joined an increasingly-crowded blockchain party last week with a new service targeting the global funds management industry including Australasia. According to spokesperson for the now Edinburgh-headquartered FNZ, the platform provider “very much plans to offer [the blockchain product in Australia and NZ] and discussions have begun to that effect”. The… [Read More…]
Link misses out as iwi opts for Mercer
The $85 million Whai Rawa scheme has replaced Link with Mercer as administration provider ahead of a raft of changes to the Ngāi Tahu savings vehicle. Mercer, which also manages the Whai Rawa money, takes over the scheme admin job from Link later this year. The back-office migration will coincide with a shift to a… [Read More…]
Advice team fills at Pie; AMP Capital CFO shuffle; Senator for Sargon
Pie Funds has grown its wealth team by a third with former bank adviser, Rob Glasgow, joining the Auckland-based unit last month. An authorised financial adviser (AFA), Glasgow comes to Pie after a nine-year stint with ANZ private bank in Auckland, latterly as associate director. The boutique Pie, which has almost $1 billion under management,… [Read More…]
Janus Henderson to lose whole emerging markets team
Janus Henderson, the global fund manager, has lost its star head of emerging markets and is about to lose the other four members of his team. One of the team, too, is on the board of the firm’s Australian-domiciled fund. Glen Finegan, the emerging markets equities team head, left Janus Henderson on April 18. He… [Read More…]