Investment News

The launch of two hybrid China fixed income indices by Bloomberg early this month has fuelled debate about the inclusion of Chinese securities generally in the broader index world. MSCI is again considering its position on China for its emerging markets equity index. The two new Bloomberg Barclays indices are: . Global Aggregate + China… [Read More…]

Investment managers have forever been looking for new models with which to work. And, according to John Goetz, there is an unlimited number of factors which can go to make up those models. But models can’t do everything. The New York-based managing principal and co-CIO of global value manager Pzena Investment Management was in Australia… [Read More…]

NZ fintech firm Banqer has secured a sponsorship deal with an independently-owned Australian investment platform to roll out its award-winning online financial literacy program across the Tasman. In a release, the Melbourne-headquartered Netwealth, which boasts more than A$10 billion in funds under management, said the Banqer program meshed well with the platform provider’s philosophy to… [Read More…]

The Financial Adviser Code Committee call to loosen the proposed ‘client first’ definition in draft legislation amounted to a grab for power that would lead to “bad law”, according to veteran NZ financial adviser, Murray Weatherston. In its submission on the Financial Services Legislation (FSL) exposure draft last week, the Code Committee, panned the move… [Read More…]

AMP Capital will offload over $470 million (A$438 million) of tobacco equity and fixed income securities in a radical detox of its Australasian portfolios. The smoke ban, which follows similar moves across in Australia’s asset management and super fund industries, reflected AMP Capital’s “new decision-making framework” for environmental, social and governance (ESG) issues, a spokesperson… [Read More…]

Auckland-headquartered boutique KiwiSaver scheme, Generate, has upsized its investment team with the appointment of Edward Glennie as senior portfolio manager. In the newly-created position, Glennie would be supporting Generate CIO, Sam Goldwater, and CEO, Henry Tongue, primarily in global manager selection. The almost $400 million Generate scheme has a large allocation to offshore equity managers,… [Read More…]

If the US stock market was in a 4×100 relay race it would be on its last leg, according to Russell Hogan, managing partner with the Edinburgh-based Dundas Global Investors. Hogan told the 150 plus delegates at the Heathcote Investment Partners ‘Meet the Managers’ roadshow in Auckland last week that after sprinting ahead since 2009… [Read More…]

UK data analytics firm, StatPro, has teamed up with dual-jurisdiction institutional financial education and performance risk provider, Dynamique, to launch its cloud-based portfolio-reporting platform in New Zealand. Guy Dobson, head of the Anglo-Kiwi firm Dynamique, said the StatPro ‘Revolution’ service offered NZ managers access to “state-of-the art portfolio valuation, reporting, attribution, and risk analytics”. Dobson… [Read More…]

Active managers, which is most big managers, tend to say that ETFs contain a lot of rubbish alongside the good stocks. But ETFs are increasingly popular with investors. Investment Trends and Beta Shares published their latest findings last week. The number of Australian investors using ETFs has grown at an annualised rate of 31 per… [Read More…]