Investment News

The NZ Superannuation Fund (NZS) is overhauling its 10-year old responsible investment (RI) strategy to stay on track with global best practice. In its ‘Climate change report’ published last week, the NZS says the fund had launched a project dubbed ‘Resetting the Responsible Investment Compass’. According to the NZS paper, the RI rethink – steered… [Read More…]

The Milestone Financial Group is gearing up for the next phase of growth in the “quality” independent financial adviser (IFA) market, according to recently appointed head, Grant Pearson. Pearson, who spent a large part of his career in the Australian financial services industry, said Milestone was seeking to partner with advisory firms “who want to… [Read More…]

Fund management research software firm MackeyRMS has added a new environmental, social and governance (ESG) scorecard system to its toolkit. The US-headquartered fund manager research software-as-a-service (SAAS) business, which opened a Sydney office this year, built the new offering in collaboration with clients to cater for the burgeoning demand for ESG investments globally. In a… [Read More…]

As it turned out, the Morningstar-organised discussion between a value and a growth manager became a lot more conciliatory than would have been expected. Many investors had been wondering whether value would ever make a comeback. They need not have worried. The conference session on global equities, ‘Can Value Beat Growth Again?’, involved value manager… [Read More…]

In March and April this year, Jamieson Coote Bonds, a Melbourne boutique bond manager, suffered redemptions of about $1 billion, which were processed without difficulty. “Solvency and liquidity are what matters in the darkest days,” says partner Charlie Jamieson. Jamieson and his big competitor PIMCO, shared a session on what to do with fixed income… [Read More…]

The Financial Services Council (FSC) annual conference goes live tomorrow (Tuesday October 13) in the first politically charged morning of a three-day online event. After the second-wave Auckland COVID cluster dashed hopes for the planned September live-in-person conference, the FSC rescheduled the program for October 13-15 in a digital format only. Slated originally for the… [Read More…]

DTCC, the global industry-owned provider of infrastructure for post-trade financial services, is entering the consulting business, with a niche advice offering specific to the post-trade processing space. Post-trade processing is where DTCC (the Depository Trust & Clearing Corporation) provides much of the existing infrastructure for institutional trading, offering “build it once, use it many times”… [Read More…]

Victoria Harris has joined Devon Funds as portfolio manager, ending a two-year stint with Pie Funds. Harris will take the reins of the Devon Australian fund and its just-launched Sustainability product when she starts her new job in November. Prior to joining Pie in 2017, Harris served six years at another high-profile NZ boutique manager,… [Read More…]

BNZ has reset asset allocation for its range of retail funds, including KiwiSaver, upping exposure to Australasian equities in a move that has secured the first major institutional mandate for Castle Point Funds Management. Under the BNZ asset allocation makeover, Castle Point joins Mint and Nikko on the panel of Australasian share managers. The BNZ… [Read More…]

The Inland Revenue Department (IRD) has put retail NZ share-traders on notice of potential tax liabilities amid a technology-enabled rush of novice investors to the NZX. According to an IRD spokesperson, the tax department has an ongoing “compliance programme that looks into share dealing activities”. “As new investors are attracted to the market, we will… [Read More…]