Investment News

Nikko Asset Management NZ has ditched performance fees from its diversified funds citing better alignment with investors and new regulatory guidelines. George Carter, Nikko NZ chief, said the move implemented at the beginning of July had seen all performance fees removed from underlying funds used in the group’s diversified strategies. “I’m neither for nor against… [Read More…]

Pioneer of the modernist architecture movement, Ludwig Mies van der Rohe, would’ve loved inflation. Known for his minimalist design ethos, van der Rohe coined one of the most efficient and resilient quotes of all time with his ‘less is more’ mantra. And inflation, especially the non-minimalist kind in vogue today, certainly gives consumers more of… [Read More…]

Sharesies investors have requested more education over new trading tools for the first time in one of the regular platform polls amid a sustained market downturn. Leighton Roberts, Sharesies co-founder, said until now members had always rated “feature-based” services as the most-wanted add-ons but extra educational support made the number one ranking in the latest… [Read More…]

Not-for-profit industry body, Focusing Capital on the Long Term (FCLTGlobal), has refreshed its mandate guidelines with a range of new tools, research and case studies for institutional investors. The third edition of the FCLTGlobal ‘Institutional investment mandates: anchors for long term performance’ builds on groundwork first laid by the group in 2015 to help asset… [Read More…]

Global fixed income markets tend to move in lock-step with the asset class unlikely to offer much of a hedge should US stock and bond markets flip to positive correlation, according to a new study by investment giant, PGIM. The PGIM analysis found all developed market (DM) bonds closely follow US stock correlation trends, suggesting… [Read More…]

The long-running Kiwi Wealth saga may be just days away from completion with the final three bidders understood to have been notified of the outcome last week. Fisher Funds, Jarden and dark horse, Booster, have all been in the running to pick up the in-play government-owned wealth manager for an estimated $300 million price-tag. While… [Read More…]

NZ financial services legal heavyweight, Tracey Cross, has joined the Mint Asset Management board as an independent director. Cross, who served almost 18 years as a partner at DLA Piper, also takes on the chair role on the Mint audit, risk and compliance committee. She replaces Amanda Livingstone, who exited the Mint board in March… [Read More…]

The long-awaited value revival continued over the June quarter with managers tilted to the style generally outperforming during a difficult period for most asset classes, according to the latest Melville Jessup Weaver (MJW) investment survey. “In the aftermath of the 2020 Covid-19 induced shock, huge speculative appetites saw valuations of many ‘growth’ stocks soar,” the… [Read More…]

Managed fund fees have fallen by more than half over the first two decades of this century – in the US at least, according to the latest annual Morningstar analysis. “In 2021, the asset-weighted average expense ratio across all mutual funds and exchange-traded funds (not including money market funds and funds of funds) was 0.40%,”… [Read More…]

The Financial Markets Authority (FMA) served up its first shot of new institutional conduct regulations in a consultation paper handed down last week. Under the proposal, businesses governed by the just-passed Financial Markets (Conduct of Institutions) Amendment Act – or COFI – will have to abide by six ‘standard conditions’ covering: ongoing requirements; notification of… [Read More…]