Investment News

The first big community trust to report for the latest financial period, the $660 million Rātā Foundation, has revealed a major shake-up that has seen underlying management change for more half of its portfolio. “Over the past year Rātā completed the transition to its new investment strategy, incorporating more growth assets (equities, property, and infrastructure)… [Read More…]

The University of Otago has approved a degree-level sustainable finance qualification in a first for NZ, and possibly the world, amid growing demand for professionals in the specialist field. After sign-off from university authorities last month, the Otago Business School will offer a minor in Sustainable Finance from 2023, adding academic heft to course-work already… [Read More…]

Index providers are now better-equipped to offer environmental, social and governance (ESG) solutions on the back of improved data and technology, according to Kernel Wealth founder, Dean Anderson. “Investors can now achieve the same or better level of ESG integration in their portfolios via indexes for fees of just 20 basis points,” Anderson said. “ESG… [Read More…]

Auckland-based investment consultancy and governance training firm, MyFiduciary, is looking to expand its regional footprint after striking a deal with a US S&P500 financial technology company. Under the agreement with Broadridge Financial Solutions, MyFiduciary will offer investment governance training and quality certifications owned by the US group to the broader Asia-Pacific market. Broadridge oversees the… [Read More…]

The Financial Markets Authority (FMA) will grow staff numbers by more than 25 per cent over the next four years, adding about 100 people to the mix under a “change programme” flagged in the regulator’s latest ‘statement of performance expectations’. As at the 2021 reporting date, the FMA had 242 permanent employees and a further… [Read More…]

Global equity manager, Stewart Investors, has partnered with local fund-hosting specialist, Implemented Investment Solutions (IIS), to launch its flagship sustainable shares strategy as a portfolio investment entity (PIE) for the NZ market. The new international equities PIE mirrors the Worldwide Leaders Sustainability Strategy – a portfolio of 40-60 large- to mid-cap global stocks run to… [Read More…]

Harbour Asset Management challenged portfolio companies on more than 100 environmental, social and governance (ESG) issues last year, according the group’s inaugural sustainability report published last week. In the first of a planned annual series, the Harbour 2021 review says “we conducted 40 ESG-related engagements on ad hoc issues in addition to the 61 engagements… [Read More…]

Newbie retail share-traders collectively lost more than A$6 million per month during the recent hyped-up ASX micro-cap stock craze, a new analysis by the Australian Securities and Investments Commission (ASIC) has found. The ASIC ‘Pump and dump of micro-cap securities’ study released last week reveals a pattern of “unusual price movements” and social media-influenced trading… [Read More…]

Millennials topped the on-platform share-trading statistics, particularly in the Asia-Pacific region, according to new data released by an influential US digital stock-broker last week. The DriveWealth analysis of trader behaviour during the first half of 2022 found APAC-based Millennials represented more than 90 per cent of stocks bought or sold via associated direct share platforms…. [Read More…]

Salt Funds Management still favours equities over cash or bonds despite a sharp negative macro-economic regime change over the last quarter. In its latest ‘Global Outlook’ published last week, Salt says the odds now favour a “scenario of rapid, destabilizing monetary policy adjustment toward a restrictive level, increasing the likely duration of weaker market returns… [Read More…]