Investment News

A new global bond fund has hit the shelves after JP Morgan Asset Management (JPMAM) opened its first product structured for NZ investors. Built as a portfolio investment entity (PIE), the FundRock NZ-fronted JPMAM Global Bond Fund feeds into a 1988-vintage Luxembourg-domiciled vehicle managing some US$17.4 billion as at the end of last year. The… [Read More…]

Funds management and platform services increased their collective contribution to the NZX bottom-line in 2024 as Smart and Wealth Technologies outperformed traditional exchange activities year-on-year. According to the 2024 annual report released last week, the combined funds and platform divisions delivered almost 56 per cent of NZX operating profits during the calendar year compared to… [Read More…]

Financial advisers are taking on more younger “accumulator” clients amid a generational change in the market led by KiwiSaver, according to Consilium chief, Scott Alman. Alman said the “penny is dropping” among many advisers that relying on older, if wealthier, retiree clients could impact the long-term sustainability – and value – of their businesses. “We’re… [Read More…]

Real assets proved useless as an inflation defence during the recent flare-up, a new study published by the CFA Institute has found. According to the analysis of proxy indices during the 2021 to 2023 inflationary surge, real-asset benchmarks failed to provide any hedging qualities. In fact, real assets “moved in the wrong direction, on average,… [Read More…]

State Street Global Advisors has lost its more than three-decade crown as king of the biggest exchange-traded fund (ETF) in the world after being usurped by a rival Vanguard US S&P 500 product this month. According to newly released ETF market data, the Vanguard S&P 500 ETF (VOO) edged about US$1.5 billion ahead of the… [Read More…]

AMP NZ has flagged the launch of new funds and retention strategies targeting “higher value” KiwiSaver members as part of its growth strategy this year. According to investor information released with the AMP 2024 annual results last week, the NZ arm plans to increase “personal contact” with its higher-balance KiwiSaver members in 2025 “to reduce… [Read More…]

Willis Towers Watson (WTW) will carry out the first independent investment review of the circa $50 billion Accident Compensation Corporation (ACC), the government revealed last week, in a process first put in train well over a year ago. Newly appointed ACC Minister Andrew Bayly said the investment review was one of two “commissioned” by the… [Read More…]

Australia-based global equities manager, GCQ, has gone live with a wholesale NZ portfolio investment entity (PIE) in an inaugural fund-hosting win for Adminis. The GCQ invests into the underlying concentrated international shares strategy launched by the Australian manager in 2022. GCQ, standing for ‘global concentrated quality’ – and not to be confused with the Florida-headquartered,… [Read More…]

When it formed in 2018, Financial Advice NZ (FANZ) marked yet another attempt to unify the various tribes in an historically factional industry. And despite some scepticism at the time, the coalition of investment, insurance and mortgage advisers has held over a transformative seven-year period for the sector. FANZ chief, Nick Hakes, said the three… [Read More…]

Kernel Wealth has bolstered its senior ranks as the digital-only index fund and KiwiSaver provider closes in on $2 billion in assets under management after almost six years in operation. The Auckland-headquartered Kernel named Andy Havill and Helen Skinner last week as respective heads of marketing and distribution/sustainability to bring its staff count up to… [Read More…]