Investment News

The FirstCape-owned JBWere has picked up oversight of almost all asset classes in KiwiSaver and investment funds offered by medical sector financial services specialist, MAS, in a move that also saw its long-time NZ fixed income and cash manager dumped. Under the changes revealed last week, Bancorp has been replaced by JBWere as investment manager… [Read More…]

InvestNow has burst through the $2 billion barrier a little more than seven years post launch. Founded in 2017, the online investment platform hit the milestone last week after clocking up its fastest growth year since the immediate post COVID bump as funds under management jumped 30 per cent and client numbers breached 30,000 Mike… [Read More…]

Adequate lump sum savings at retirement age could be 40 per cent lower than commonly assumed after taking into account typical spending slow-downs post age 65, according to a just-released NZ actuarial study. The analysis by the Retirement Income Interest Group (RIIG) found the average New Zealander spends about 2 per cent less on average… [Read More…]

Auckland Mayor Wayne Brown has sparked an online backlash last week over claims made in the wake of the Council’s recent $1.3 billion sale of shares in the city airport. In a LinkedIn post, Brown states the now-dispatched Auckland Airport share parcel returned just 1 per cent annualised over the last 10 years with the… [Read More…]

Australia is set to introduce a ‘new class’ of financial advisers akin to the nominated representative regime in NZ in a bid to lower the bar for access to advice. Under the second tranche of the Delivering Better Financial Outcomes (DBFO) unveiled last week, licensed firms would be able to employ advisers to deliver a… [Read More…]

Regulation surged into contention last year as one of the most influential factors driving the uptake of responsible investment (RI) in NZ, the latest industry body sector survey shows. According to the Responsible Investment Association of Australasia (RIAA) ‘benchmark’ report, more than a quarter of NZ fund managers in the survey cited ‘regulatory requirements’ as… [Read More…]

Tokenising every managed fund in the world could unlock about US$100 billion in annual returns for investors and US$400 billion of trading opportunities for managers, a new Boston Consulting Group (BCG) paper suggests. “Once up and running, tokenized funds offer advantages to investors including 24/7 second­ary transfers and fractionalization, a lower threshold for investing, and… [Read More…]

Geopolitical unrest and government interference are weighing heavily on the minds of big investors, according to a bfinance survey of 311 senior investment personnel from institutions responsible for more than US$7 trillion in assets. The bursting of the AI bubble was cited by investors in Japan and Australia as the “greatest threat” to achieving their… [Read More…]

Craigs Investment Partners has scotched rumours reported by Australian press last week about a pending sale to fund distribution group, Ironbark Asset Management. The Australian newspaper claimed Ironbark was to “buy into” Craigs, which runs the largest investment advisory network in NZ by assets under management. “We are not in talks with Ironbank and we… [Read More…]

Milford has opened up a new advisory branch in Havelock North, hiring Michelle Roberts from ANZ private bank to front the wealth management service in the region. Roberts finished an almost 10 year stint as a financial adviser for the ANZ private banking arm in Hawke’s Bay in November. Previously, she spent two years on… [Read More…]