Investment News

The top five KiwiSaver table is about to get more Kiwi as two local providers nip at the heels of Australian-owned rivals. If growth trends highlighted in the latest Plan for Life (PFL) KiwiSaver datasets stay true, both Fisher Funds and Milford Asset Management should rise up a spot either this quarter or the next… [Read More…]

Singapore is playing host to a digital experiment to ‘tokenise’ multiple asset classes including a joint venture between Calastone and Schroders to build a new-age fund vehicle. In a release last week, the Monetary Authority of Singapore (MAS) named 11 institutions as partners in the new ‘Project Guardian Industry Group’ set up “to test the… [Read More…]

KiwiSaver was officially designed to “encourage a long-term savings habit and asset accumulation by individuals who are not in a position to enjoy standards of living in retirement similar to those in pre-retirement”, according to the governing legislation. But it’s not there yet: not for everyone based on the findings of a new Public Trust… [Read More…]

From prog rock to punk and disco squeezed in-between, popular music swung through extremes in the 1970s. And the musical volatility played out against an erratic inflationary backbeat that tipped economies and markets out of synch, according to a new analysis by the research arm of French investment giant, Amundi. “What followed from the early… [Read More…]

Institutional investors are deeply unsatisfied with the nature of private markets fees, but cost-additive pressures are emerging across all asset classes when fees should be falling. Just 16 per cent of the 197 of institutional investors in a snap bfinance survey are satisfied with the transparency and comparability of costs in private markets, with respondents… [Read More…]

While making it through recent market events is an “accomplishment” asset managers need to shake things up in order to survive. They’re doubling down on what worked in the past instead. Traditional long-only equity managers are facing a tumultuous time, with 57 per cent of the 151 surveyed in a new report from Northern Trust… [Read More…]

Wealth Technologies has added more than $200 million to funds under administration (FUA) after landing its first offshore client with two local advisory firms also switching to the NZX-owned investment platform from FNZ-based systems. In a boost for the NZX platform ambitions of reaching $40 billion in FUA by the end of next year, the… [Read More…]

Fund managers and others captured by the new climate-reporting regime will have two years to come up to scratch before regulatory policing steps up. In a document released alongside draft climate-reporting guidance, the Financial Markets Authority (FMA) says it plans “to settle into a ‘steady state’ level of monitoring by the third year of the… [Read More…]

Milford Asset Management chief, Mark Ryland, will continue in the role after ripping up retirement plans announced in February. In a recent note to clients, Milford says Ryland has agreed to stay in the top job past his previously scheduled March 2024 exit date. “The confirmation allows for a steady, focused continuation of our strategy… [Read More…]

Hobson Wealth chief operating officer, Anna Scott, will take the helm at NZX funds shop, Smartshares, in September, filling the void left by predecessor, Hugh Stevens. Stevens officially left Smartshares in March with NZX chief financial officer, Graham Law, picking up the slack in the interim. In a statement, NZX chief, Mark Peterson, said Scott… [Read More…]