Investment News

Global government-linked investment vehicles clawed back about US$1.4 trillion of 2022 losses by the end of last year on an expected path to more than US$70 trillion by 2030. According to the Global SWF annual report released last week, the state-owned investment universe – a group comprising sovereign wealth funds, public pension funds and central… [Read More…]

Morningstar Indexes strategist, Dan Lefkovitz, has urged investors to “abandon preconceived notions” in the wake of 2023 market outcomes that confounded expectations on interest rates, valuations and bonds. In a new paper, Lefkovitz highlights five ‘unlearnings’ from last year including the need to ditch assumptions that higher rates are always bad for growth stocks or… [Read More…]

The almost-gone 2023 was a busy period for the local financial services sector but the top-rating Investment News NZ (INNZ) action played out at the back-end of the year. In fact, all of the 10 most-read INNZ stories for the entire just-about 12-month period were published no earlier than August with four of the hit… [Read More…]

The NZX-owned investment platform, Wealth Technologies, will see funds under administration soar to more than $12.5 billion following a deal inked with Fisher Funds last week. Fisher will shift the Kiwi Wealth discretionary investment management service (DIMS) money to Wealth Technologies from an in-house system. The Kiwi Wealth Private Portfolio Service – a DIMS product… [Read More…]

Betashares has landed a substantial global equities NZ institutional mandate with insurance firm AIA while launching a hedged version of an existing portfolio investment entity (PIE) fund seeded by the new client. The just-released NZ dollar-hedged Betashares Global Sustainability Leaders Fund joins the current roster of five PIEs rolled-out by the Australian exchange-traded fund (ETF)… [Read More…]

Mercer has won the consulting gig for the $470 million Central Lakes Trust (CLT), according to industry sources. It is understood that Mercer and Australian firm, JANA, were vying for the coveted investment advisory role with a more than $300 million implemented consulting mandate reportedly up for grabs. CLT, headed by former Otago Community Trust… [Read More…]

An industry body representing licensed NZ fund managers has called for a radical regulatory rethink as the new government assumes power. In a ‘briefing to income ministers’, the Boutique Investment Group (BIG) says the medium-sized managers that represent the bulk of its membership are overloaded with rules while risks are piling up outside the current… [Read More…]

Multi-city boutique, Pie Funds, has dumped its Roman goddess-themed KiwiSaver brand, Juno, in favour of a single-name strategy. Launched under the Juno banner five years ago, the $520 million scheme has been rechristened as Pie KiwiSaver to “provide investors with a more unified brand and client experience”, according to a release. Pie remains the underlying… [Read More…]

Geopolitical tension, US electoral uncertainty and a commercial real estate crash loom as the fastest-rising risks for the financial services industry next year, according to the latest industry poll by securities post-trade giant, DTCC. Now in its 10th year, the DTCC Systemic Risk Barometer Survey also found inflation fears have moderated somewhat for 2024 while… [Read More…]

Compliance remains the main bugbear for NZ financial advisers, according to a just-released study, but the industry mood has perked up somewhat over the last couple of years since a new regulatory regime came into force. According to the NZ Financial Advisers Wellbeing Report published this month, the advisory sector has adapted to the Financial… [Read More…]