Investment News

Exchange-traded fund (ETF) investors are losing out compared to counterparts in similar index strategies via unlisted products likely due to over-trading, according to a new Morningstar study. The annual Morningstar ‘Mind the gap’ analysis of US investor behaviour found a marked discrepancy in individual returns between passive-style ETFs and managed funds. In the study, Morningstar… [Read More…]

The Australian financial regulator has issued a greenwashing avoidance guide in the wake of its recent crusade against the practice that saw almost 50 ‘interventions’ over the 15 months to June 30. Over the last two years the Australian Securities and Investments Commission (ASIC) has won three civil court actions against Vanguard, Active Super and… [Read More…]

Family offices are becoming more professional, moving up the risk spectrum and growing their global footprint as they build increasingly sophisticated and diverse investment portfolios, according to a new study by Ocorian, a global provider of trust, administration and fiduciary services. The study of 300 family office professionals managing a collective $155 billion of assets… [Read More…]

The new NZ climate-reporting system is unlikely to deliver real-world improvements without tough sanctions for corporate breaches based on a new study of a longer-running mandatory ESG disclosure regime in Europe. According to the paper published in the British Accounting Review, European corporate social and environmental metrics have barely budged since the introduction of compulsory… [Read More…]

Mosaic consultants, Mark and Caroline Carver, will front a series of free lunchtime one-hour online sessions over September and October to draw back the curtain on the increasingly complex privacy regime in NZ. The two privacy and security experts will guide viewers from a ‘plain English’ explanation of the current legislation through to the potential… [Read More…]

The all-singing, all-dancing 2024 edition of the Investment News NZ popular KiwiSaver annual report is now free to download. As the ‘K-Saver 17’ study reveals, all 38 schemes made it through the 12 months to the end of March this year intact and in the black. For the first since the 2018 report the number… [Read More…]

Public Trust has picked up AMP NZ as a supervisory client, replacing incumbent Guardian Trust in licensed trustee duties for the circa $11 billion wealth management firm. In what is likely the largest supervisor swap-out of the Financial Markets Conduct Act era, if not forever, Public Trust was slated to take over the AMP oversight… [Read More…]

Platform share-jockeys have been issued new draft riding instructions by the Inland Revenue Department (IRD), putting off-track online traders on notice of shock tax imposts. Under the draft ‘interpretation statement’ published last week, the IRD says while online share-trading is “becoming increasingly common” in NZ, many investors may not be “aware of their tax obligations”…. [Read More…]

Magellan Financial Group is staging a comeback, according to executive director, Andrew Formica, after a horror three-year period that saw total funds under management slashed by about two-thirds. Formica told investors last week in the Magellan 2023/24 annual report that new flows “have continued to stablise in both retail and institutional channels, and we have… [Read More…]

Charity-focused investment firm, Trust Management, has confirmed Mark Longbottom in the new role of head of community engagement. Longbottom previously served as Mercer NZ head of foundations, endowments and sustainability for more than two years until June 2024. Prior to Mercer he was head of corporate responsibility for insurance firm, Southern Cross, after a long… [Read More…]