Investment News

For investors trying to figure out how to navigate inflation volatility, an infamous shipwreck might hold the answers. The question of whether inflation is transitory or structural is likely the wrong question to be asking. UK-based investment house Ruffer believes that it’s both: that the inflation tide will come in and go back out repeatedly,… [Read More…]

ANZ Investments has been on active duty amid rising market volatility, according to chief investment officer, Paul Huxford. Huxford said ANZ, the country’s largest non government-owned asset manager, had pared back an overweight equities position coming into 2022 as it adjusted portfolios ahead of expected turbulence. “We benefited last year from being long growth and… [Read More…]

Retail share trading platforms must better-disclose service limits that can cut clients off from important equity ownership benefits, according to the peak investor relations body for Australia and NZ. Ian Matheson, Australasian Investor Relations Association (AIRA) chief, said the so-called ‘retail investment facilitators’ – or IFs – had a duty either to supply the full… [Read More…]

Morningstar signaled a foray into the platform market last week, repackaging a range of the researcher’s services as Wealth Management Solutions (WMS). WMS melds the Morningstar model portfolio and investment data aggregation subsidiaries along with its portfolio management and ‘investor experience’ tools into a multi-purpose platform aimed at the adviser market. The Nasdaq-listed research house… [Read More…]

The Australian Future Fund eased its equities exposure in the final quarter of 2021 during a period that saw the government-owned investment vehicle crack A$200 billion for the first time. Future Fund chief, Raphael Arndt, said in a release that overall the now A$204 billion portfolio had moved to a “neutral risk setting”. “However, we… [Read More…]

The Financial Services Council (FSC) has confirmed the speaker line-up for scheduled a cut-down digital-only ‘advice summit’ after new pandemic-related regulations introduced last month scuttled another in-person event for the industry body. Both Commerce Minister David Clark and opposition counterpart, Andrew Bayly, have signed-on for the reformatted summit with regulators, John Botica and Derek Grantham,… [Read More…]

The Financial Markets Authority (FMA) has fired a warning shot on product commissions following a long quiet period in the incentive wars. In its annual report released last week, the FMA notes financial product sales incentive trends have “seen encouraging yet mixed results” post the 2019 bank and insurance sector regulatory reviews. “Sales-based incentives for… [Read More…]

Australian exchange-traded fund (ETF) specialist, BetaShares, is targeting the release of some unlisted portfolio investment entity (PIE) versions to the NZ market some time this year. Thom Bentley, BetaShares NZ director adviser and institutional, said the firm intends to roll out a handful of products on this side of the Tasman in 2022 once regulatory… [Read More…]

Japan is looming as the first destination for the NZX-owned Smartshares to put its freshly minted Asia Region Fund Passport (ARFP) to use. NZX funds chief, Hugh Stevens, said the group was in talks with representatives from the Japanese funds industry and potential distributors keen to kick-start the ARFP market. Stevens said Japanese investors tended… [Read More…]

Only three NZ share core funds eked out positive returns in the final quarter of 2021 in a tough end-of-year session for local markets, according to the latest Melville Jessup Weaver (MJW) investment survey. But despite the meagre returns from NZ equities during the three months to December 31 – topped by a 1.9 per… [Read More…]