Investment News

The dizzying speed of fintech developments has upended traditional regulatory models with many new-breed financial services firms oblivious of legal frameworks, according to Financial Markets Authority (FMA) boss, Rob Everett. Speaking at Finnotec conference in Auckland early this month, Everett said the days of financial services companies building business models based on stable rules backed… [Read More…]

Auckland-based boutique scheme, Generate, outpaced KiwiSaver rivals again in the September quarter, growing by more than 20 per cent over a generally upbeat period for all providers. Generate added $92 million to the kitty during the three months to September 30, the latest Strategic Insight (SI) survey shows, to finish with $550 million in funds… [Read More…]

As funds management continues to evolve – the unlisted space both bifurcating and merging with the listed space, for instance, in the alternatives world, if that’s not a contradiction in terms – big investors need to pay attention. Change is afoot. Take a look at real estate-backed private debt. Heitman, which is an independently owned… [Read More…]

The new wave of game-changing technology is the real deal both in terms of the underlying promise and investability, according to Indy Singh, founder of ASX-listed financial services firm Fiducian. In NZ earlier this month, Singh said unlike the pre ‘Tech Wreck’ period of the late 1990s to early 2000, technology stocks are delivering “sustainable”… [Read More…]

Casey Quirk has a history of making big bold predictions. The direction of those predictions is invariably correct, but the firm is often ahead of its time. Their latest prediction is about China. All funds managers should take note. Casey Quirk, the specialist asset management consulting firm, predicts that China will become the second-largest asset… [Read More…]

Broking and investment bank firm, FNZC, is looking to expand its offer under a scoping project to be headed by new hire, Fiona Mackenzie. James Lee, FNZC chief, said former New Zealand Superannuation Fund (NZS) head of investments, Mackenzie had been charged with developing a strategy to broaden the group’s range of solutions. “We’re acutely… [Read More…]

Nikko Asset Management NZ has appointed MMC as its unit registry provider, replacing incumbent BNP Paribas, as the Auckland-based firm embarks on a retail product enhancement phase. In a note to clients last week, Nikko says the switch from BNP Paribas to MMC will start on November 20. “This is part of an ongoing programme… [Read More…]

About a third of the 500 biggest global fund managers cut fees over the 2016 calendar year, according to the latest annual Willis Towers Watson (WTW) industry review. The WTW study found just 7 per cent of the top 500 global asset managers were able to eke out a ‘moderate’ fee increase during 2016 while… [Read More…]

The Accident Compensation Commission’s (ACC) roughly quarter share of Kiwibank parent entity now represents its single biggest equity exposure, the group’s just-published annual report reveals. According to the ACC report released last week, the Crown entity’s investment fund valued its stake in Kiwi Group Holdings – which also owns Kiwi Wealth – at more than… [Read More…]

Nascent industry body FinTech NZ grew membership by about 10 per cent on the back of a buoyant annual conference for the sector last week in Auckland. According to the hardest-working man in FinTech NZ (or general manager), James Brown, the sold-out Finnotec show generated a surge in interest that pushed the recently-formed group’s member… [Read More…]