Investment News

If there’s one lesson for investors from the past five years, it’s that chopping and changing their strategy – even in the face of massive market turmoil – doesn’t always pay. Investors have spent the past five years fumbling their way through the fog of uncertainty that descended over everything in late 2019, with each… [Read More…]

The NZ Superannuation Fund (NZS) could soon achieve a long-cherished dream of tax-free status after the government formally put the concept on its to-do list last week. In a release last week, Revenue Minister Simon Watts noted that the National-led administration’s new Tax and Social Policy Work Programme would consider “whether the New Zealand Superannuation… [Read More…]

Morningstar has named Eva Cook as director of manager research ratings as well as new equities asset class lead for Australia and New Zealand. Cook joins Morningstar from the giant New South Wales government fund, TCorp, where she was head of equity partner selection following a portfolio management role at BT Financial Group. The research… [Read More…]

The government-owned venture capital (VC) operation is hoping to lure more KiwiSaver providers into the sector, according to its latest annual report. KiwiSaver funds represent 8 per cent of money invested in the local venture ‘ecosystem’ over the 12 months to June 30, the NZ Growth Capital Partners (NZGCP) 2024 report notes. “While we have… [Read More…]

Investment performance fell in a narrow range across all KiwiSaver aggregate risk profiles during the September quarter, new Morningstar shows, with default funds edging the field. The average default fund was up 4.2 per cent for the three months to September 30, according the Morningstar KiwiSaver survey, as other risk-weighted returns ranged from 3.6 per… [Read More…]

Veteran NZ investment consultant, Jonathan Eriksen, is advocating for a back-to-the-future superannuation tax change that could see investment returns increase by almost a third. In a note included with the latest EriksensGlobal superannuation master trust quarterly report, he called for the reversal of an investment “tax change made in December 1987 and switch from TTE… [Read More…]

The peak global financial regulatory body has issued a new consultation on revised fund liquidity guidelines, Updating a framework for open-ended funds first introduced in 2018, the latest International Organization of Securities Commissions (IOSCO) proposals lay out “robust parameters for asset managers to consider as they look to improve their liquidity management practices”, according to… [Read More…]

Specialist consulting firm, Mosaic Financial Services Infrastructure, has secured an Australasian first after gaining certified partner status from privacy software firm, OneTrust, under a revamped accreditation system. Caroline Carver, Mosaic privacy and AI governance director, said the accolade reflected the company’s success in implementing the OneTrust software among dozens of clients in Australia and NZ… [Read More…]

The NZ Superannuation Fund (NZS) has dropped Devon as an external local shares manager, ending a 13-year relationship with the boutique. In a statement this morning, NZS confirmed “it had terminated Devon Funds Management’s New Zealand active equities mandate”. Market sources suggest the move reflected overall capacity issues across the entire NZS local shares portfolio…. [Read More…]

Funds management continues to act as the growth engine for the NZX with the division reporting the single-largest top-line revenue result this year amid flat results in core exchange activities. September quarter operating statistics released last week show the funds arm delivered income of almost $32.5 million over the first nine months of 2024, up… [Read More…]