Investment News

The Investment Services Group (ISG) new Māori values-based fund subsidiary, Tahito, has named Angela Busby as chair. Busby, AIA NZ chief strategy officer, is one of the leading Māori women in finance, according to Tahito founder, Temuera Hall. Prior to joining AIA, she served as head of ASB Securities and the-then bank-owned investment platform Aegis…. [Read More…]

Maybe it’s not breaking news but a Mercer NZ survey has found women tend to be more responsible than men, in their KiwiSaver preferences at least. According to the new Mercer KiwiSaver sentiment study, almost 80 per cent of women rated access to responsible investment as important when selecting a scheme compared to 69 per… [Read More…]

Start-up funders have debunked recent NZ government claims that the local angel investor market has fallen into limbo. While a Ministry of Economic Development (MED) review of the local venture capital earlier this year reported “a decline in angel/seed private capital activity”, a newsletter covering the sector notes only a slight slow-down year-on-year. The ‘Evangelist’… [Read More…]

AMP is considering selling all, or some, of its assets, the ASX-listed business confirmed this morning. In a market release, AMP says the company has seen a surge in “unsolicited interest in its assets and businesses”. “The Board has therefore decided to undertake a portfolio review to assess all opportunities in a considered and holistic… [Read More…]

Vanguard has launched a new scrubbed-clean Australian equities fund seeded by NZ passive investment shop, Simplicity. Andrew Lance, Simplicity chief operating officer, said the manager had tipped in about $100 million to the new Vanguard Australian shares fund that – due to an extreme screen-and-rebalance process – falls outside the global investment giant’s definition of… [Read More…]

More regulatory guidance and a stern talking-to for a few KiwiSaver providers are in the offing as the Financial Markets Authority (FMA) digests the findings of its just-published ‘value for money’ report on the sector. Liam Mason, FMA director regulation, said the new report – ostensibly a review of active and passive investment among KiwiSaver… [Read More…]

The Financial Services Council (FSC) has canned its physical annual conference originally set down for next week, joining a swag of other COVID-canceled industry events in the community trust. In a release last week, FSC chief, Richard Klipin, said the industry body – now formally incorporating Workplace Savings NZ – had “taken the difficult decision… [Read More…]

Auckland-based fintech firm, Invsta, is about to switch on the front-end engine for its first client, Mint Asset Management, amid rising demand for digital solutions in the financial services industry. In a release, Invsta co-founder, Rachel Strevens, said Mint was currently transitioning to its new client onboarding and investment solution system. Strevens said the move… [Read More…]

Gold remains a problematic asset class for investors despite a glittering performance in recent times, according to a new paper by Auckland consultancy firm, Makao Investments. The Makao analysis says gold has increasingly popped up in investment strategy discussions of late following a “stellar run” in the precious metal that saw its price rise about… [Read More…]

Murray Brewer finally departed T. Rowe Price last Friday (August 28), having established the global manager’s presence in Australia 14 years ago. His resignation period was a long one – first announced late last year. But now comes the good part: he will be holidaying as much as possible and then considering his options, at… [Read More…]