Investment News

Global manager Ninety One has launched an index for sovereign bond investors which provides an independently verified assessment of alignment with the Paris Agreement on net zero. A feature of the index, the first of its kind, is that its inclusion of all major emerging markets, many of which are most impacted by both climate… [Read More…]

Funds management leapt from fourth- to second-highest revenue-generating unit for the NZX over the 12 months to the end of September, the latest quarterly update from the stock exchange reveals. According to the NZX figures released last Friday, the funds management division – SuperLife and Smartshares – pulled in almost $13.9 million for the 12… [Read More…]

Trustees Executors (TE) has signed up with US-based data integration firm, MuleSoft, to drive a step-change in operations. According to TE chief, Ryan Bessemer, the MuleSoft deal was part of a broader strategy to transform the Wellington headquartered business into a “custodian of information”. Bessmer said the new data partnership would enable TE to deliver… [Read More…]

A group of Pacific Island money remittance shops have launched a legal action requesting the government stop NZ banks from denying them access to services. In a judicial review claim lodged in the Wellington High Court mid-October, four money transfer firms allege the Reserve Bank of NZ (RBNZ) and the Finance Minister have failed to… [Read More…]

ANZ Investments has confirmed the launch of its global listed infrastructure fund as a stand-alone portfolio investment entity (PIE) product, tapping into a growing appetite for the asset class. Previously only available as part of the ANZ multi-manager arrangements, the bank-owned investment house has released the listed infrastructure fund through its adviser-focused OneAnswer brand. The… [Read More…]

US-listed investment research house, Morningstar, has released a new range of multi-asset indices for Australasian investors. Elle Kuhta, Morningstar index product manager Australia and NZ, says in a paper that the just-launched Target Allocation Index products enable investors to benchmark “performance of multi-asset funds across five risk tolerances—conservative to aggressive”. “Aligned with the… Morningstar Category… [Read More…]

Former Kiwi Wealth chief, Ian Burns, has resurfaced as chair of NZ’s largest non-government funds management business. Burns formally joined the ANZ Investments board mid-October, filling one of the independent director spots left vacant by the departure of Philippa Dunphy in July after serving almost a year in the role. He quit Kiwi Wealth this… [Read More…]

Local equities fund shops have increasingly allocated to Australian shares over the last four years, a new Mercer NZ analysis has found, partly to ease pressure from ballooning assets under management. The Mercer study of a dozen NZ fund managers found Australian shares now represent 34 per cent of their collective portfolios compared to 26… [Read More…]

AMP has confirmed the final tally of its NZ wealth subsidiary BlackRock-conversion landed at about $9.6 billion (or A$9.2 billion). Signaled last August, the move to a BlackRock passive mandate for the bulk of the AMP KiwiSaver and other superannuation funds came at cost of sister firm, AMP Capital NZ, which saw its asset under… [Read More…]

The Accident Compensation Corporation (ACC) has hosed down investment performance expectations, projecting average yearly returns could fall 50 per cent below its almost 30-year record. In its just-released annual report, the ACC says: “We expect future returns to average around half of what has been achieved historically (ie less than 5% per annum rather than… [Read More…]