Investment News

The ASX-quoted high-yield corporate bond range, XTBs (Exchange Traded Bond units), has doubled funds under management in the past six months, reaching $200 million. The milestone coincides with the product’s two-year anniversary. XTBs have attracted increasing demand from self-directed investors, financial advisers, and brokers since launching in 2015. There are 47 XTBs currently available on… [Read More…]

Many thanks to all who have already responded to the Investment and Operations NZ industry survey, recently released as a follow up to last year’s inaugural research project. For those yet to fill out our brief questionnaire on the issues of the day (and year), Investment News NZ (IN NZ) will hold the survey open… [Read More…]

Following last year’s successful float on the Australian market, Investment News NZ (IN NZ) will launch in local waters today on the SV Tenacious. Unfortunately, the scheduled 12-day voyage from Wellington to Auckland could interrupt regular IN NZ production with the June 12 issue under a cloud – much like forecast weather conditions. “Mostly cloudy,… [Read More…]

The Financial Markets Authority (FMA) emerged as a big winner in last week’s budget with an almost 40 per cent bump up in its operational allocation. However, more than 70 per cent of the FMA’s $36 million government allowance will be funded out of a forecast $25.78 million levy on the industry it polices. Last… [Read More…]

The New Zealand Superannuation Fund (NZS) has claimed a small victory in its battle to recover the approximately $200 million lost in a soured loan deal with a now-defunct Portuguese bank. Along with 11 other investors – including several Caribbean-based investment funds, Luxembourg-domiciled entities, an Andorran bank and a Danish pension fund – NZS sued… [Read More…]

Rohan Singh has left Northern Trust, where he was head of Asia Pacific for both securities servicing and asset management for the past two years, and is rumoured to be headed to BNY Mellon. Singh is understood to be about to take up the role of Asia Pacific regional head for BNY Mellon’s securities servicing… [Read More…]

Almost half of asset owners globally have invested in ‘smart beta’ strategies, according to a new survey from index provider FTSE Russell, up from just 36 per cent a year ago with multi-factor approaches dominating current allocations. The fourth FTSE Russell annual smart beta report found institutional investors were also on the hunt for environmental,… [Read More…]

Forget ‘big data’. That is so last year. The latest developments in technology to improve both efficiencies from operations and returns from investment strategies are mostly to do with artificial intelligence. Philippe Denis and Philippe Benoit, both from BNP Paribas, spell out the world into which we are heading. BNP Paribas Securities Services last year… [Read More…]

Australasian equity investors will need to be more discerning in a market where increasing dispersion between stocks and higher volatility could be the norm, according to Harbour Asset Management portfolio manager, Shane Solly. Solly said while “all boats have floated” upwards over the last few years on calm seas, a return to choppy conditions would… [Read More…]