Investment News

Charity-focused fund shop, Trust Management, is readying to compete more widely as an ethical investment specialist after inking an outsourcing deal with FundRock NZ last week. Under the arrangement due to take effect on July 1, the $1.7 billion Trust will hand over licensing duties to the fund-host while also shifting the remainder of its… [Read More…]

The NZ managed funds sector edged up above $328 billion during the first three months of 2025 to complete an unbroken run of six quarterly increases, according to new Reserve Bank of NZ (RBNZ) figures. “Annually, total funds under management rose 10.9%, marking the ninth consecutive quarter of annual growth,” the RBNZ managed funds report… [Read More…]

Retail money is emerging as an increasingly important source of private markets funding, according to a new McKinsey & Co analysis. The just-published McKinsey ‘Global private markets report 2025: braced for shifting weather’ estimates the retail sector has contributed about US$1.5 trillion to the asset class to date with annual fund flows growing “at approximately… [Read More…]

Long-time Russell Investments executive, Andrew Pease, is set to return home to Australia next month to take on a newly created regional gig at the more than US$330 billion multi-manager. As Asia-Pacific head of investments, Pease will report to Russell global head of portfolio management, Jon Eggins. Pease joined Russell in 2006, serving in multiple… [Read More…]

More than two years after the move from Craigs Investment Partners to the NZX, QuayStreet has secured its place as an active room in a passive house. The outcome wasn’t a given. As the NZX posted in its 2022 annual report, one original goal of the $31.25 million purchase (with a further potential, now discounted… [Read More…]

JPMorgan Asset Management Management (JPMAM) is the fifth-largest fund manager in the world with about US$3.7 trillion under the hood across a myriad assortment of strategies ranging from cash through to alternatives. But the manager selected one of its more traditional strategies as the first product adapted for NZ tax conditions rather than a fund… [Read More…]

About 20kms off the west coast of Scotland the rock-island of Skerryvore hosts the country’s tallest lighthouse. Rising some 48 metres high, the Skerryvore tower has been signalling danger to marine traffic in one form or another since 1844 in a treacherous stretch of coastline. From 1790 until the lighthouse first flashed, the surrounding sea… [Read More…]

US federal authorities have backed a coal-based collusion case brought by several states against Vanguard, BlackRock and State Street. In a joint statement published late in May, the US Department of Justice and Federal Trade Commission (FTC) supported the anti-trust allegations lobbed against the three mega-managers by Texas Attorney General Ken Paxton on behalf of… [Read More…]

Indexing firm, Scientific Beta, has made the case to switch or stick to diversified stock exposures despite the ongoing dominance of US mega-cap companies. In a new paper, Scientific Beta authors Daniel Aguet and Felix Goltz, argue that market concentration moves in cycles with periods of mega-cap underperformance inexorably following sustained runs at the top…. [Read More…]

Higher- and medium-income earners will benefit over the longer-term following government budget re-engineering of KiwiSaver last week, according to a Retirement Commission study, but the bottom 20 per cent could be worse-off. The Retirement Commission (Te Ara Ahunga Ora) analysis found that halving of the annual government member tax credit to about $260 would disproportionately… [Read More…]