Investment News

State Street is tipping “at least three US$100 billion asset managers” to enter the fast-growing Australian exchange-traded fund (ETF) market this year. In its 2025 global round-up on the sector, State Street says the US$150 billion plus Australian ETF will expand “across all investment sectors”. “We also see active ETFs getting a second wind, with… [Read More…]

First Sentier Investors has cancelled a poor-performing responsible-tilted global listed infrastructure strategy in a move that will see the one of the largest and longest-running funds of its kind in NZ renamed and restocked with energy companies. Under the shake-up revealed late in February, long-time First Sentier infrastructure portfolio manager, Trent Koch, has also left… [Read More…]

A couple of ANZ underlying listed real asset managers are set to open portfolio investment entity (PIE) funds just six months after the bank-owned fund house exited the wholesale market. Resolution Capital and Maple-Brown Abbott (MBA) – both Australia-domiciled managers – are on the PIE train with respective listed property and infrastructure funds on track…. [Read More…]

Napier City Council has kicked off its in-development perpetual fund outsourcing process with a search for potential investment manager partners now underway. In registration of interest (ROI) papers filed late in February, the Napier local government is looking to appoint a third-party manager to “construct and manage an investment portfolio” expected to top-out at $50… [Read More…]

The NZ funds management sector topped up by more than $17 billion last year as solid markets and strong flows grew the sector by close to 16 per cent to reach a new record high of $324.5 billion. Since the end of 2018, the managed funds market tracked by Reserve Bank of NZ has grown… [Read More…]

Quantitative investment has a black-box reputation, or a mysterious quality that Investopedia describes as something that “produces useful information without revealing any information about its internal workings”. But the black-box status of the statistically significant investment style is misleading, according to Jan Rohof, Northern Trust Asset Management (NTAM) Asia-Pacific quantitative solutions director – at least… [Read More…]

Equities outperformed bonds by more than double over the last 125 years but have dropped below the long-term average this century to date, according to the 2025 edition of the acclaimed Global Investment Returns Yearbook. Compiled by UK academics – Elroy Dimson, Paul Marsh, Mike Staunton – the Yearbook, now produced under the UBS flag,… [Read More…]

Financial Advice NZ (FANZ) has opened up nominations for three awards due to be presented at its annual conference in Christchurch early next month. In a statement, FANZ says the program “honours those who have demonstrated innovation and leadership and driven positive change within the financial advice sector”. The three awards cover: Financial Capability Advocate;… [Read More…]

A blockchain revolution could knock more than US$135 billion off the cost of running funds in the European, US and UK markets alone, according to a new Calastone paper, while slashing product-creation times by at least 25 per cent. Based on a survey of 26 asset managers, the Calastone study estimates the fund sector could… [Read More…]

Harbour Asset Management is to shift registry functions to Apex from Trustees Executors (TE) as the incumbent provider exits the investment administration business. Ruari McGregor, Harbour chief operating officer, said the move also aligns the back-office service with the BNZ and Hunter funds that also fall under its purview. Following its inclusion in the FirstCape… [Read More…]