Investment News

NZX-listed property manager, Augusta Capital, has beat the 2016 rush to enter the managed investment scheme (MIS) regime, joining the licensed ranks last week. The MIS queue is expected to be hit by a log-jam of investment managers over the next few months in readiness for the December 1 final transition date. All NZ fund… [Read More…]

Morningstar has tested the standard ‘4 per cent rule’ of how much an investor needs in retirement for Australia and New Zealand and found that in the Antipodes expectations are “probably a bit too high”. And the local share market is more volatile, requiring a lower bottom end of the drawdown range for a retiree… [Read More…]

BNP Paribas has talked up New Zealand as an international investment destination in the latest issue of its ‘Quintessence’ magazine. The globally-distributed publication extols the virtues of the NZ investment scene, citing strong governance, recent regulatory upgrades, solid debt ratings, and burgeoning capital markets (spurred on by KiwiSaver) as selling points. According to the report,… [Read More…]

The spectre of a Chinese meltdown has been the hot investment topic of 2016 but is the story a little over-cooked? Nick Dravitzki, Devon Funds Management portfolio manager, reports some cold facts from an icy Middle Kingdom   The daytime temperature in Beijing in January struggles to get into positive figures and as the evening… [Read More…]

The early 2016 stock market falls have been bad, but not quite bad enough, to signal an all-out plunge back into growth assets, according to Stuart Millar, ANZ Global Wealth head of portfolio management. Millar said ANZ, the country’s largest fund manager with about $23 billion under management, scaled back its exposure to growth assets… [Read More…]

Pioneering New Zealand financial technology firm, SuiteBox, has won the right to pitch its wares to some of the world’s largest banks and insurers after being named best-in-category at the second annual KPMG Fintech Innovation Challenge last week. The only Australasian firm to feature in the winner’s circle, ‘virtual office’ provider SuiteBox ,took out first… [Read More…]

The New Zealand Superannuation Fund (NZS) has joined a group of five other large global institutional investors in backing the launch of a long-term investment index announced last week at the World Economic Forum in Davos. In a statement, Adrian Orr, NZS chief, said the almost $30 billion fund was considering how to utilise the… [Read More…]

The average fund manager outperformed their respective benchmarks in all bar one asset class over 2015, according to the latest Aon Hewitt NZ investment survey. Global fixed income managers were the only group covered in the Aon survey that underperformed the index during the 2015 calendar year with the median fund returning 3.8 per cent… [Read More…]

The ASX has selected US-based firm Digital Asset Holdings,(Digital Asset) to develop solutions for the Australian market using ‘distributed ledger technology, joining 12 other financial services companies in taking a small shareholding in the company too. ASX has paid A$14.9 million to acquire a 5 per cent equity interest in Digital Asset, fund an initial… [Read More…]