Investment News

Inflation-linked securities – CPI bonds – are likely to attract renewed interest because of the demographic shift happening in the super industry as it approaches the baby-boomers’ decumulation phase of their investment spans. Super funds should take note too. Tamar Hamlyn, a principal of fixed interest specialist Ardea Investment Management, has an interesting way of… [Read More…]

MainstreamBPO, the independent fund administrator for about 350 funds, has appointed its corporate and legal advisers for a planned ASX listing later this year. The size and timing of the capital raising are not yet known. While not exactly a fintech start-up, MainstreamBPO should attract some interest from investors who have been pouring money into… [Read More…]

In part three of his ‘Good governance’ series, Melville Jessup Weaver (MJW) principal, Mark Weaver, sheds light on a key trustee board document: the SIPO   SIPO stands for Statement of Investment Policy and Objectives – and every board should have one. The SIPO documents trustees’ investment policies, setting out the investment governance and management… [Read More…]

Research houses are holding fire on Milford Asset Management following the New Zealand Superannuation Fund (NZS) decision to suspend its local equities mandate early this month. In the wake of the NZS move, which saw it temporarily re-house the $281 million Milford mandate internally, Australian-based researcher Morningstar said its ratings of the manager would remain… [Read More…]

AMP Capital has delayed the handover of its NZ equities mandate to Salt Funds Management by up to a month. George Carter, AMP Capital NZ head of distribution, said transition of $690 million-odd portfolio, originally scheduled for March 31, has been put back as the fund manager deals with “a few internal things”. “It’s really… [Read More…]

Funds management business, Superlife, has tipped in about $60 million to kick-start three new exchange-traded funds (ETFs) launched by its parent NZX late last month. In February Superlife seeded two other new NZX ETFs – both built around Australian indices – with a total $90 million. Sam Stanley, NZX head of exchange products, said Superlife… [Read More…]

New Zealand institutional investors have been “thought leaders” in the take-up of exchange-traded funds (ETF), according to Jon Howie, head of iShares Australia. Howie said historically New Zealand institutions have been “strong adopters” of iShares ETFs dating back to when the firm’s broad market-cap products first hit the market. “But now we’re seeing lots of… [Read More…]

The Financial Markets Authority (FMA) has reinstated a list of Authorised Financial Advisers (AFA) on its website after a media report prompted industry concerns. After refurbishing its website late in March, the FMA removed the AFA list, redirecting interested parties to the Financial Services Providers Register (FSPR) for further information. However, a spokesperson for the… [Read More…]

Local institutional investor interest in multi-asset solutions is starting to pick up, according Nikko Asset Management NZ chief, Peter Lynn. However, Lynn said while multi-asset investing “will become a huge part of Nikko’s global business”, it is likely to be a slow build in New Zealand. “While it’s early days in New Zealand some asset… [Read More…]

Parametric Portfolio Associates has produced a new white paper – ‘Where Passive Falls Short’ – as a precursor to the firm’s launch of a range of tax-efficient smart beta strategies in Australia. A momentum-tilted tax-managed portfolio would have outperformed the ASX 200 after-tax by 56 basis points a year for 10 years. The paper, written… [Read More…]