Investment News

Centenarian fund manager, MFS, is one of few global investment firms with an in-built institutional grip on the much-vaunted ‘long term’. The Boston-based business claims the title as the originator of the open-ended managed fund structure in the US (known as mutual fund in its home country) with the 1924 launch of the Massachusetts Investors… [Read More…]

In the current AI-fueled rally, some companies will win – and others will disappear. And while some parts of the market look hideously expensive, it’s important to consider their long-term prospects. The ‘Magnificent Seven’ continue to gallop along amidst an AI-fueled melt-up that’s driven the S&P500 to new heights and left tech sceptics and permabears… [Read More…]

Investment administration specialist firm, Adminis, is poised to expand its range with a move into the fund-hosting business. Adminis will enter a market pioneered by fellow Wellington-based company and significant client, FundRock NZ (now part of the Apex group), as a front-of-house host for fund managers. Matan Gan-El, Adminis chief, said the decision to add… [Read More…]

Harbour Asset Management will diversify its global shares exposure with a new fund on course to accrue $150 million by Christmas. The soon-to-launch Harbour portfolio investment entity (PIE) will tap into a concentrated ‘quality’ international shares strategy managed by Canadian-owned firm, TD Epoch. Due to go live mid-July, the Epoch PIE joins the growth-oriented T… [Read More…]

The government legacy pension scheme manager, Annuitas, has hired Mercer for a broadened consultancy role put out to tender earlier this year. Annuitas sought pitches in February to provide “assurance and guidance on best practices” as well as investment advisory services to its two underlying schemes – the $5.2 billion Government Superannuation Fund (GSF) and… [Read More…]

NZX Wealth Technologies has seen assets under administration soar by almost a quarter this year with the latest client – the Alvarium-owned Newton Ross advisory firm – taking the platform above $14.2 billion. Lisa Turnbull, head of the NZX-owned investment platform, said the business has grown from about $11.5 billion under administration at the start… [Read More…]

A follow-up comparison study of Australian, NZ and UK pension funds has found KiwiSaver remains a no-scale but low-fee destination. The 2024 Deloitte Australia pension fund fees benchmarking report – sponsored by Generate – shows size appears to have little influence on costs across schemes analysed in all three jurisdictions. According to the report: “Increased… [Read More…]

The NZ Superannuation Fund (NZS) has notched up back-to-back results as the best-performing and one of the most-sustainable sovereign investment vehicles in the world in a new review of the sector. According to the latest Global SWF report, NZS was among just five government-owned funds to score a perfect 100 per cent in a composite… [Read More…]

More than 90 per cent of investment managers either use or intend to adopt artificial intelligence (AI) tools to drive efficiencies, super-charge analysis or find alpha, according to a new Mercer global survey. “Current use of AI across investment strategies and research stretches far beyond the traditional ‘quant’ cohort,” the Mercer study says. “Nine out… [Read More…]

Kiwi crypto-traders will come under increased scrutiny over tax obligations, the Inland Revenue Department (IRD) warned last week. In a release, IRD spokesperson, Trevor Jeffries, said the tax department had the “tools and the analytics capabilities to identify and expose cryptoasset activities” – and it’s not afraid to use them. “Data we have has helped… [Read More…]