Investment News

The $200 million Lifetime Master Trust (LMT) has replaced most underlying managers and cut several investment options following a review. Under the changes unveiled last week, the former Aon master trust has dropped ANZ, Nikko and Russell Investments from its line-up while retaining Milford Asset Management in the mix. As well as Milford, the revamped… [Read More…]

Australia-based global credit manager, Bentham Asset Management, is to launch a portfolio investment entity (PIE) version of its flagship fund. Bentham has been popular on the NZ financial advisory circuit over the last few years, accruing more than $126 million in the Kiwi dollar-hedged Global Income Fund – structured as an Australian unit trust. But… [Read More…]

NZX Wealth Technologies has shut down its old-fangled software after off-boarding the sole remaining Public Trust client earlier this month. The move marks the end of a drawn-out transition process for the NZX-owned investment administrator, which has been gradually shifting the last clients from the legacy system to a modern technology platform over the previous… [Read More…]

AMP has flagged further cost-saving measures across its rump business lines after agreeing final revised terms for the sale of the firm’s domestic property and infrastructure arm last week. In a release, the ASX-listed AMP says “there is an opportunity to drive further operational and group office efficiency across the simplified portfolio of businesses”. Last… [Read More…]

Inflation is bipolar, according to a new Bank of International Settlements (BIS) study, and prone to feedback loops not captured in standard economic models. The BIS report proposes a dual-personality view where inflation exists in either as low and steady or in a high, unstable form, requiring different monetary medicine for each state. But happy-go-lucky… [Read More…]

Almost 60 per cent of institutional investors have made or are considering fundamental portfolio makeovers amid a confluence of geopolitical and market disruptions, according to a survey by US$1.2 trillion manager, Nuveen. The third annual Nuveen ‘EQuilibrium’ global poll of some 800 large investors found 31 per cent of respondents are exploring significant portfolio changes… [Read More…]

The direct share-trading boom has lost some fizz over the last two years as a key cohort of New Zealanders turn away from punting on stocks, a new Canstar survey has found. According to the just-released Canstar NZ ‘Consumer Pulse’ report, the proportion of Kiwis aged 30 to 49 “dabbling in the sharemarket” dropped from… [Read More…]

Māori-values Australasian equities fund, Tahito, is starting to ping on wholesale investor radars after clocking up a three-year performance record, according to Paul Glass, Investor Services Group (ISG) group chair. Glass said the almost $20 million Tahito fund is garnering interest from community trusts, iwi and other charities for its unique take on sustainability issues…. [Read More…]

The CFA has made sweeping changes to its investment analyst educational program in the biggest shake-up of the globally recognised qualification since inception 60 years ago. Among six core upgrades to the CFA (chartered financial analyst) process, candidates will need to learn “digital practical skills” starting in 2024 while final-stage students can select one of… [Read More…]

The NZ financial advice sector has entered the full-licensing phase in much more condensed and slightly leaner state after a grueling two-year transition period, new regulatory data reveals. Figures released by the Financial Markets Authority (FMA) last week show the overall adviser population has declined by about 2,200 since the transitionary regime began two years… [Read More…]