The Financial Markets Authority (FMA) has commissioned Auckland-based research firm MyFiduciary to explore the active-passive terrain in the KiwiSaver market as part of its ‘value for money’ campaign announced last year. MyFiduciary began … [Read more...] about FMA hires MyFiduciary for active-passive investigation
Investment News
ASIC takes aim: how new product rules could redesign trans-Tasman fund distribution
Australian fund managers may have to rethink NZ distribution strategies under a looming draconian financial product rule shake-up across the Tasman. The Australian government passed legislation last year imposing tough ‘design and distribution’ … [Read more...] about ASIC takes aim: how new product rules could redesign trans-Tasman fund distribution
Bagnall fund chooses director duo
The new wholesale fund management firm launched by Accident Compensation Corporation (ACC) investment chief, Nicholas Bagnall, has named two independent directors. Both Richard Bodman and Stephen Montgomery joined the Te Ahumairangi Investment … [Read more...] about Bagnall fund chooses director duo
Tiwai talks halt super scheme review
The $170 million NZAS superannuation scheme has put an outsourcing review on hold pending a final call on the fate of the Rio Tinto-run Tiwai Point aluminum smelter. Originally known as the Rio Tinto New Zealand Retirement Fund, the NZAS scheme … [Read more...] about Tiwai talks halt super scheme review
Membership tops 3m as KiwiSaver repopulates
KiwiSaver officially breached the 3 million-member mark in November, Inland Revenue Department (IRD) figures confirm. The IRD statistics show KiwiSaver membership grew by a net 7,040 in November, tipping the quasi-compulsory savings regime just … [Read more...] about Membership tops 3m as KiwiSaver repopulates
Private markets the big winner: Casey Quirk
Active long-only strategies will continue to drive revenues for a majority of fund managers around the world for the next five years, despite the continued encroachment by index managers and fee compression in several markets, such as Australia. But … [Read more...] about Private markets the big winner: Casey Quirk
MSCI mixes fixed and factors in ESG benchmark blend
Global index provider MSCI has added further weight to the environmental, social and governance (ESG) bandwagon with a new range of fixed income factor-based benchmarks catering to the trend. In a release last week, MSCI revealed the launch of 15 … [Read more...] about MSCI mixes fixed and factors in ESG benchmark blend
New value funds, with spice, and an ESG flavour
Holowesko Partners, the ‘Bahamian’ global value-orientated manager represented by Andrew Nolan’s ‘Eleuthera’ third-party marketing business, is to launch two Australian-domiciled funds. They will broaden the firm’s presence in Australia and New … [Read more...] about New value funds, with spice, and an ESG flavour
What happened (and whatnot) in 2019: 10 stories that hit the mark
So many things didn’t happen this year. For instance, my 2019 New Years resolution to use more exclamation marks in Investment News NZ (IN NZ) didn’t amount to much. The punctuation mark most-favoured on Twitter appeared in just one IN NZ … [Read more...] about What happened (and whatnot) in 2019: 10 stories that hit the mark
Goldsack quits BT for fresh “industry opportunity”
Veteran BTNZ head of investment solutions, Matthew Goldsack, has resigned after more than a decade with the Westpac-owned business. In a note to clients sent this week, BT portfolio manager, Anna Boyle, says Goldsack would take up “another … [Read more...] about Goldsack quits BT for fresh “industry opportunity”