The NZX funds management arm is in the final stages of offloading its UK pension transfer scheme. According to a NZX spokesperson, the Smart funds group is “in exclusive negotiations with one party” to sell the roughly $120 million SuperLife UK pension fund. “Smart has been refining our business strategy, focusing on our core role… [Read More…]
Investment News
Betashares rolls out NZ-origin companies fund; DFA opens global fixed income PIEs; Sharesies releases managed cash fund
Betashares has launched its seventh NZ-domiciled fund, offering exposure to the local market but with a trans-Tasman twist. The NZ Sustainability Leaders Fund follows an underlying index built by German benchmark specialist, Solactive, that “holds companies either listed on NZX or companies headquartered in NZ but listed on the ASX”. For example, the ASX Kiwi… [Read More…]
Bentley circles back to Smart; Fisher gives Swan full-time responsibilities; Apex NZ looks for head of risk; JBWere Australia chief exits in NAB makeover
Former Smartshares head of institutional, Thom Bentley, is back in the saddle at the NZX-owned funds management group now known as Smart. Bentley returned to the stock exchange funds subsidiary last week as head of business development, covering a wider brief than his previous almost three-year stint ending in April 2021 that focused on institutions…. [Read More…]
IOSCO proposes global response to ‘finfluencer’ plague
The International Organization of Securities Commissions (IOSCO) has mooted a series of ‘good practice’ measures for regulators to combat increasing risks posed by unlicensed online financial spruikers. In a new consultation, IOSCO notes the global trend of self-appointed financial experts dispensing advice via social media in particular is “transforming how retail investors, particularly younger generations,… [Read More…]
Uncertainty reigns in Future Fund mandate change
In a move that resonates on this side of the Tasman amid political musings about preferred NZ Superannuation Fund investments, the Australian government has issued a new directive to its Future Fund. Investor Strategy News editor, Lachlan Maddock, ponders the impact of a worrisome mission creep… The Albanese Government’s tweaks to the Future Fund’s mandate… [Read More…]
Return of the 60/40: JP Morgan takes upbeat view on balanced fund future, includes NZ dollar first
JP Morgan Asset Management has forecast a solid future for the classic 60/40 portfolio in its 2025 Long-term Capital Markets Assumptions (LTCMA) report that debuts a NZ-dollar performance estimate. The LTCMA paper says a 60/40 blend of shares and equities is expected to return 6.4 per cent over the next 15 years in US currency… [Read More…]
Bridgewater hops on ETF bandwagon
Storied US-based hedge fund, Bridgewater, is to join the active exchange-traded fund (ETF) herd in a deal inked with State Street Global Advisors last week. Under the agreement, State Street will front an ETF version of the Bridgewater ‘All Weather’ strategy in a first for the world’s largest hedge fund founded by Ray Dalio. The… [Read More…]
Why asset allocators shouldn’t fear the future
If there’s one lesson for investors from the past five years, it’s that chopping and changing their strategy – even in the face of massive market turmoil – doesn’t always pay. Investors have spent the past five years fumbling their way through the fog of uncertainty that descended over everything in late 2019, with each… [Read More…]
Government mulls get-out-of-tax card for NZ Super
The NZ Superannuation Fund (NZS) could soon achieve a long-cherished dream of tax-free status after the government formally put the concept on its to-do list last week. In a release last week, Revenue Minister Simon Watts noted that the National-led administration’s new Tax and Social Policy Work Programme would consider “whether the New Zealand Superannuation… [Read More…]
Morningstar staffs up; Trust takes on Tourell; veteran Magellan exec resigns; NTAM hires APAC quant head from Robeco
Morningstar has named Eva Cook as director of manager research ratings as well as new equities asset class lead for Australia and New Zealand. Cook joins Morningstar from the giant New South Wales government fund, TCorp, where she was head of equity partner selection following a portfolio management role at BT Financial Group. The research… [Read More…]