Investment News

Robo KiwiSaver start-up Kōura Wealth has set its pricing at a flat 0.63 per cent across all six underlying funds plus an annual member fee of $30. A product disclosure statement (PDS) published last week, says the “charges cover the fees of Kōura, … [Read more...] about Kōura kicks in with flat-fee pricing; Select cuts cloth to suit

The $1.6 billion Generate has ventured beyond the KiwiSaver market for the first time with release of a unit trust version of its ‘focused growth’ fund. Henry Tongue, Generate chief, said the launch was prompted by “simple demand” from the group’s … [Read more...] about Generate opens PIE for general consumption

Forsyth Barr has outsourced registry for its range of six unit trusts to MMC, consolidating all fund back-office functions with the third-party administrator. The stock broking house hired MMC for fund accounting and unit pricing when it launched … [Read more...] about ForBar completes admin set with MMC

The Trustees Executors (TE) board has been almost cleaned out ahead of a fresh influx of directors. Last week TE chair, Sarah Roberts, and director, Mark Darrow, stood down from the board leaving Matthew Sale as the sole member: all three were … [Read more...] about TE gets board makeover; FMA boosts executive class

Auckland boutique fund manager and now KiwiSaver provider, Pathfinder, has launched a new wholesale Australasian shares fund. The trans-Tasman equities fund represents a first play in home territory for Pathfinder, which has to date focused on … [Read more...] about Pathfinder trail leads to new fund in home patch

Noah Schiltknecht has joined forces with a former Russell Investments NZ colleague to bolster his nascent independent consulting business. Schiltknecht said John Horrell would officially start as partner with Makao Investments in November after … [Read more...] about Consulting start-up lures ex Russell colleague as partner

A new study by Schroder Investment Management globally, including a significant Australian investor participation, shows a massive disconnect between investor expectations and likely outcomes over the next few … [Read more...] about Schroders study reveals investor disconnect

Legg Mason has promoted its Australia and New Zealand country head, Andy Sowerby to the role of head of Asia Pacific (ex-Japan). This is an expanded role to that which Singapore-based Lennie Lim has been in. Lim is due to retire next … [Read more...] about Sowerby promoted to regional role at Legg Mason

Wellington fund hosting business, Implemented Investment Solutions (IIS) is importing a line-up of four offshore client managers for a tri-city NZ tour. In its first multi-manager roadshow, the IIS event – slated for later this month – offers NZ … [Read more...] about Fund host to host funds for real; fintech-fest finalised

Despite returning more than $3.5 billion above budget to the government coffers over the 12 months to June 30, the Accident Compensation Commission (ACC) fund had a disappointing year by its own exacting standards. The latest ACC annual report … [Read more...] about ACC fund beats budget, misses benchmark in a good bad year