Archives for 2019

The estimated $9 billion Māori investment sector has reached a new level of maturity featuring greater asset diversification, increasing distributions to iwi members and an influx of management expertise, according to TDB Advisory director, Phil Barry. “There’s been increasing diversification across the board with iwi investing more in assets such as managed funds and private… [Read More…]

Exclusion-based investment strategies can quickly spin out of control as the proportion of banished stocks rises above 2 per cent of the index, according to a new Russell Investments research paper. The ‘Negative screening and performance consequences: how much is too much?’ study found return expectations on a global shares portfolio quickly destablise as exclusion… [Read More…]

The Kiwi Wealth-incubated US share-trading platform, Hatch, could crack open more global stock markets or other investment types after the successful launch of an American Depositary Receipt (ADR) suite last week. Kristen Lunman, Hatch general manager, the positive response to the ADR offer showed there was latent demand in NZ for direct access to a… [Read More…]

The UK financial regulator has finalised new rules for how fund managers describe investment objectives, use benchmarks and calculate performance fees. In a set of ‘remedies’ published last week, the UK Financial Conduct Authority (FCA) requires managers to standardise and simplify fund performance disclosure. Among the new regulations, UK managers will be required levy a… [Read More…]

Edinburgh-headquartered global equities firm, Martin Currie, has rated NZ as an increasingly attractive prospect for investors in ‘real assets’. Following a recent fact-finding mission to Auckland, Andrew Chambers, senior research analyst based in the Martin Currie Australia office, upped his ratings for NZ real assets. “The spot yields for New Zealand real asset securities are… [Read More…]

Just it did last year with a name change and global expansion statement for its mainstream investment strategies, Pendal Group is now adopting a global leadership position with ESG investing. It will capitalise on a long and important history in the ESG space. The former BT Investment Management last week announced it would buy out… [Read More…]

The global financial crisis (GFC) formally faded from history last week – at least as measured by the Mercer annual asset class ‘periodic table’. But despite sweeping 2008 off the table – an analysis that tracks the annual performance of 16 asset classes across the previous 10-year stretch – the latest Mercer numbers don’t quite… [Read More…]

Former chief investment officer for the country’s largest non-government funds management business has swapped banking codes for a new governance role at BNZ’s wealth arm. Graham Ansell, who resigned as CIO of the $28 billion ANZ Investments last March after more than two decades with the group, has joined the board of BNZ Investment Services… [Read More…]

In a first for the NZ market a new company is seeking up to almost $100 million to invest in cryptocurrencies via a Financial Markets Conduct Act (FMC) regulated share issue launched this week. The launch comes amid a low-ebb for the crypto market and an alleged exchange fraud in NZ that has disappeared upwards… [Read More…]

Most NZX-listed companies have shied away from the post-2007 corporate debt binge cited as a growing risk in many offshore markets, new Harbour Asset Management research reveals. According to the Harbour study, the median NZ listed company debt has remained stable or decreased across several metrics compared to pre-GFC (global financial crisis) levels. The NZ… [Read More…]