Investment News

Implemented Investment Solutions (IIS) has hooked up with NZ’s biggest cryptocurrency exchange to release the first dedicated bitcoin portfolio investment entity (PIE) fund. Officially live on Monday October 4, the Vault International Bitcoin Fund invests in the digital asset class via four underlying managers based in the US and Canada. Vault was co-founded by Janine… [Read More…]

Pie Funds has hired a new senior analyst to run the group’s $120 million Australasian Growth portfolio. The Sydney-based Michael Goltsman fills the role left vacant by Doug Jopling, who left Pie earlier this year for a senior position at NZ meat company, Ovation. Previously, he served as a portfolio manager with Australian small- and… [Read More…]

The Financial Markets Authority (FMA) has signaled a further crackdown on anti-money laundering (AML) compliance with advisory firms in particular now under closer scrutiny. In a release last week, the FMA says some financial advisers have become AML reporting entities post the introduction of the new regulatory regime in the sector this March. Prior to… [Read More…]

Harbour Asset Management has rolled out a hedged version of its T Rowe Price-managed global shares fund while tweaking the brand of the original product. The Wellington-based manager officially opened the 100 per cent NZ dollar-hedged Harbour T Rowe Price Global Equity Fund last week, offering the same underlying investment strategy as per the now… [Read More…]

Property may be the most-favoured asset class in NZ but investors need to look offshore for diversification and long-term returns, according to a new Salt Funds Management paper. In the sequel to its infrastructure analysis released in August, Salt argues an allocation to global listed property “is desirable, minimizing national cycle risks and avoiding over-concentration… [Read More…]

Local companies and investors may be on the way to managing environmental and governance risks but have yet to grapple effectively with social issues – the other letter in the ESG triplet – Ian Jameson, KPMG NZ associate director audit impact assurance told a local industry forum in September. Jameson told a joint BNP Paribas/KPMG… [Read More…]

Investors looking to arbitrage index ins-and-outs would have seen shrinking rewards for their efforts over the last 25 years based on the findings of a new S&P Dow Jones Indices (S&PDJI) paper. The S&P study found a “structural decline” in the so-called ‘index effect’ where share prices bounce up on entering key market benchmarks and… [Read More…]

Two case studies this week provide an interesting opportunity to re-examine investor behaviour in volatile markets. Have you heard the one about the crypto-trading hamster? Mr Goxx is the only employee/inhabitant of Goxx Capital, a specially outfitted cage which allows him to trade cryptocurrencies based on his movements through an exercise wheel and two tunnels…. [Read More…]

The Wellington-headquartered Harbour Asset Management has bought the $1 billion plus Hunter Global Fixed Interest Fund for an undisclosed amount. In a note to clients this morning, Harbour chief, Andrew Bascand, said the firm would absorb the flagship Hunter Investment Funds product under a deal inked last week. “Harbour is a perfect fit for Hunter,… [Read More…]

Government has shrugged off financial concerns raised by PwC about one of the six KiwiSaver default providers appointed this May. As reported last week, official Ministry of Business, Innovation and Employment (MBIE) documents found PwC “did not identify any material concerns” for five of the six providers following a post-appointment financial due diligence investigation –… [Read More…]