Investment News

AMP wealth NZ has shifted former head of intermediaries, Aaron Klee, to a new investment role as the business braces for its BlackRock transition. In his new position as AMP head of investment management, Klee will work alongside incoming senior portfolio manager, Daniel Mead, who defected from sister firm AMP Capital NZ last week. Both… [Read More…]

The chief executive elect of AMP Ltd, once a financial services giant in size and stature – boasting for a time the advertising slogan: ‘We will always be there’ – faces the biggest task of her career. Her track record could not be better. The advertising slogan sounded good, if overly ambitious, for its post-IPO… [Read More…]

Investors in the Lifetime Income Fund will have until April 27 to either cash-out or move to a successor product launched by the group late in March. As reported previously, the Ralph Stewart-founded Lifetime was forced to close its guaranteed income fund to new investments in January after failing to raise further regulatory capital as… [Read More…]

Auckland-based consultancy firm, MyFiduciary, has scored its first offshore client in a deal to supply a total model portfolio service to the Australian arm of specialist trans-Tasman advice firm, MedCapital. Aaron Drew, MyFiduciary principal, said the arrangement includes providing “asset allocation, fund selection and ongoing monitoring” to the Gold Coast-based business. The fast-growing MyFiduciary has… [Read More…]

NZX Wealth Technologies has won two new clients set to be “onboarded” this year, according to head of the local bourse, Mark Peterson. Peterson told the group’s AGM crowd in Tauranga last week that the NZX-owned investment platform had landed the two new clients via recent competitive tenders. The latest Wealth Technologies wins follow the… [Read More…]

Boutique NZ consulting firm Makao Investments has put a new twist on environmental, social and governance (ESG) research by highlighting fund manager corporate behaviour as part of the equation. In a just-published note, Makao consultant, John Horrell, says investors should quiz fund managers about their in-house ESG habits in addition to how they implement responsible… [Read More…]

Last year proved once again that market timing can be very profitable but an extremely difficult trick to pull off, according to a new Melville Jessup Weaver (MJW) analysis. The MJW paper, authored by newly minted actuary William Nelson, found NZ share investors could have engineered annual returns almost 35 per cent above the 2020… [Read More…]

The NZ Superannuation Fund (NZS) has remodeled its managerial ranks ahead of the impending retirement of long-time finance head, Stewart Brooks, in a move that adds a new space at the top table. Brooks, who joined NZS in 2003, will formally step down as general manager finance and risk on July 5 with the executive… [Read More…]

Value managers are hopeful that, following the second consecutive quarter of the factor’s outperformance, their world has returned to normal. Value may well be back. For the March quarter, for Australian shares, the S&P/ASX 200 value factor index was up 8.50 per cent, making a 12-month return of 42.71 per cent. The S&P/ASX 200 growth… [Read More…]

BlackRock chief Larry Fink has committed the firm to a cultural cleansing in the wake of alleged sexual and racial discrimination at the world’s largest fund manager. In an annual shareholder letter published last week, Fink says “certain employees have not upheld BlackRock’s standards”, putting the manager’s environmental, social and governance (ESG) credentials at risk…. [Read More…]