Investment News

Wealth management firm, Jarden, has trimmed its NZ team with head of markets, David Fear, among the casualties, according to industry sources. Fear joined Jarden in 2009 from Citigroup NZ where he was head of equities. It is understood the investment banking and wealth business also reduced staff numbers in NZ across various divisions. Jarden… [Read More…]

A new healthcare investment fund that backs into Dimensional Fund Advisors (DFA) based products has gone live under the Fettle brand. Founded by renal specialist, Dr Colin Hutchison, Fettle feeds into the new ACI investment product range developed by Hastings-based financial advisory, Stewart Group. As reported in April, the ACI funds mirror products offered under… [Read More…]

Clients stung in a ponzi scheme orchestrated by rogue financial adviser, Barry Kloogh, have seen an already miserly payout trimmed a little further in the wake of a court decision reported last week. Kloogh’s wife, Svetlana Spectra, clawed back almost $41,000 from the $455,442 liquidators had squeezed from the fraudster’s remaining assets, an Otago Daily… [Read More…]

Financial regulators have signaled a globally coordinated crackdown on crypto-currency providers that will see the sector policed on a like-for-like basis with traditional markets. In a new consultation paper published last week, the International Organization of Securities Organisations (IOSCO) lays out 18 recommendations for its 130 or so member regulators to rein-in the allegedly borderless… [Read More…]

New Zealanders have given more weight to returns over non-financial factors in selecting investments compared to last year, according to a new study. However, the joint Responsible Investment Association of Australasia (RIAA)/Mindful Money (MM) annual survey also found a slight rise in the proportion of those who believe sustainable-type strategies will outperform over the long… [Read More…]

Global equities impact manager, WHEB, embarked on a rare trading spree last year as valuations on favoured stocks fell, according to associate fund manager, Claire Jervis. “We traded much more than usual last year to take advantage of more attractive pricing,” Jervis said. “As a long-term manager the average length of our holdings is five… [Read More…]

Despite closing the performance gap somewhat with growth stocks last year, value companies still remain relatively cheaper by a wide distance, according to South Africa-founded global equities firm, Orbis. A recent Orbis analysis found the ‘valuation gap’ between growth and value peaked in 2020 at the highest level since the great depression years of the… [Read More…]

Australian exchange-traded fund (ETF) specialist, BetaShares, is poised to make its NZ debut with a range of five low-cost passive products due to go live in June. BetaShares has long eyed-up the NZ market with the new fund range representing its first foray into offshore-domiciled products. The five unlisted portfolio investment entity (PIE) funds will… [Read More…]

Mint Asset Management portfolio manager, Michael Kenealy, is to leave about 18 months after joining the $2 billion plus boutique. Kenealy will assume a new equities portfolio management role at ethical investment firm, Pathfinder, as of July this year. He took on a senior analyst position at Mint in November 2021, promoted to portfolio manager… [Read More…]

KiwiSaver and the Financial Markets Authority (FMA) have seen just minor annual adjustments in the no-thrills budget handed down by Finance Minister Grant Robertson last week. The sixth Robertson annual special included a small bump upwards in the core FMA budget of about $67 million last year to just under $70 million in the 2023/24… [Read More…]