Investment News

Australian financial regulators have turned the screws further on the ASX in the wake of its back-office blockchain backdown, imposing a first-ever special reporting obligation on a market infrastructure provider. Under orders published by the Australian Securities and Investments Commission (ASIC) last week, the ASX must “produce a special report on specified matters in relation… [Read More…]

The Westpac-owned BT Funds Management NZ (BTNZ) has tipped in $40 million into new sustainably coloured term deposits offered by a Japanese banking giant. BTNZ is the first investor to take up the local version of the Mitsubishi UFJ Financial Group (MUFG) short-term ‘Green Deposits’, which will fund lending for certain environmentally focused projects. According… [Read More…]

Hastings financial services conglomerate, Te Rehe Group, has joined the B Corp ranks after earning the global stamp of corporate best practice this month. The B Corp accolade applies to all four Te Rehe entities including the advisory services firm, Finzo, Stewart Group Asset Management as well as the Hastings- and Wellington-based Stewart-branded financial advice… [Read More…]

Institutional investors are mostly unaware of what’s dragging on their performance, according to analysis by Northern Trust Asset Management (NTAM). Having too many managers with the same style is part of the problem. The reasons for the underperformance of institutional investors often seem a mystery even to themselves. Most of the time it’s easier to… [Read More…]

Generate lead portfolio manager, Sam Goldwater, will step into a dedicated chief investment officer (CIO) position once new Kiwi Wealth recruit, Nathan Field, joins the Auckland boutique next year. Goldwater said Field, who has run the (now Fisher Funds-owned) roughly $1.6 billion Kiwi Wealth global equities thematic fund for almost a dozen years, would take… [Read More…]

Morningstar NZ customers won’t suffer any drop in service quality despite the departure of two executives who were key to operations this side of the Tasman, according to head of the Australian business, Jamie Wickham. “We will continue to support our NZ clients just as we do today,” Wickham said. Last week Morningstar confirmed Tim… [Read More…]

Wealth management firm Forsyth Barr may include new environmental, social and governance (ESG) data in NZX company valuations. Forsyth Barr published an inaugural detailed ESG analysis – adding C for carbon as a separate factor in the ratings – on 57 NZ listed companies last week, with plans to use the data in broader corporate… [Read More…]

Former BNP Paribas Securities Services NZ head, Doug Cameron, arrived in Bluff on December 2 under time and on budget in his epic end-to-end cycle trip through the country. As reported previously, Cameron saddled-up for the trans-NZ journey early in November, planning to pedal from Cape Reinga to Bluff (in zig-zag fashion starting from Kerikeri)… [Read More…]

Vanguard has dropped out of the Net Zero Asset Managers (NZAM) climate change initiative, citing a clash between its core index investment style and conflicting goals of the industry pledge. In a statement released last week, the more than US$7.5 trillion passive fund giant says while collective industry efforts to address common issues have a… [Read More…]

Charitable funds may not have to cut or suspend grants during down markets to maintain long-term sustainability, according to a new proposal from boutique consultancy firm, Makao Investments. The Makao paper says while charities have typically defended core capital during difficult times by either stashing away reserves or anchoring grants to asset size (or ‘smoothing’)… [Read More…]