Investment News

The government-owned venture capital (VC) operation is hoping to lure more KiwiSaver providers into the sector, according to its latest annual report. KiwiSaver funds represent 8 per cent of money invested in the local venture ‘ecosystem’ over the 12 months to June 30, the NZ Growth Capital Partners (NZGCP) 2024 report notes. “While we have… [Read More…]

Investment performance fell in a narrow range across all KiwiSaver aggregate risk profiles during the September quarter, new Morningstar shows, with default funds edging the field. The average default fund was up 4.2 per cent for the three months to September 30, according the Morningstar KiwiSaver survey, as other risk-weighted returns ranged from 3.6 per… [Read More…]

Veteran NZ investment consultant, Jonathan Eriksen, is advocating for a back-to-the-future superannuation tax change that could see investment returns increase by almost a third. In a note included with the latest EriksensGlobal superannuation master trust quarterly report, he called for the reversal of an investment “tax change made in December 1987 and switch from TTE… [Read More…]

The peak global financial regulatory body has issued a new consultation on revised fund liquidity guidelines, Updating a framework for open-ended funds first introduced in 2018, the latest International Organization of Securities Commissions (IOSCO) proposals lay out “robust parameters for asset managers to consider as they look to improve their liquidity management practices”, according to… [Read More…]

Specialist consulting firm, Mosaic Financial Services Infrastructure, has secured an Australasian first after gaining certified partner status from privacy software firm, OneTrust, under a revamped accreditation system. Caroline Carver, Mosaic privacy and AI governance director, said the accolade reflected the company’s success in implementing the OneTrust software among dozens of clients in Australia and NZ… [Read More…]

The NZ Superannuation Fund (NZS) has dropped Devon as an external local shares manager, ending a 13-year relationship with the boutique. In a statement this morning, NZS confirmed “it had terminated Devon Funds Management’s New Zealand active equities mandate”. Market sources suggest the move reflected overall capacity issues across the entire NZS local shares portfolio…. [Read More…]

Funds management continues to act as the growth engine for the NZX with the division reporting the single-largest top-line revenue result this year amid flat results in core exchange activities. September quarter operating statistics released last week show the funds arm delivered income of almost $32.5 million over the first nine months of 2024, up… [Read More…]

Milford Asset Management is vying with Fisher Funds for bragging rights as the third-largest retail manager in the land, according to new Plan for Life (PFL) figures. The PFL second quarter NZ retail funds report shows Milford lying just $80 million shy of Fisher as at June 30 with more than $20.1 billion under management…. [Read More…]

The Ralph Stewart-founded Lifetime group has launched a new suite of four funds following client demand for regular investment options to complement the firm’s flagship retirement income product. Released at the end of October, the three risk-weighted diversified funds plus a cash option “allow us to offer a comprehensive retirement income planning service catering for… [Read More…]

Wellington-founded global financial technology group, FNZ, has restructured its debt load into a US$2.1 billion term loan, extending the previous lending maturity dates out by five to six years to November 2031. The debt financing deal completed last week has seen the business roll-up an approximately US$1.8 billion term loan and US$330 million revolving credit… [Read More…]