Investment News NZ

Regulator red-flags fund ads for performance-enhancement

David Chaplin — Sun, 16 Aug 2026 10:25:43 +0000

Local fund managers have been warned by the Financial Markets Authority (FMA) to rein-in past-performance claims in advertising amid an alleged surge in return-based marketing. In a new monthly update, the FMA says it had “observed an increase in fund manager advertisements where past investment performance is the primary focus”. According to the regulatory note,... [Read More...]

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FSC marks end, and beginning, of workplace savings legacy

David Chaplin — Sun, 16 Aug 2026 10:20:12 +0000

Gavin Quigan stood up for the workplace savings sector one more time at the Financial Services Council (FSC) annual conference last week. Accepting a well-deserved lifetime award from the FSC, the now-retired Financial Markets Authority (FMA) restricted managed investment schemes principal adviser told the crowd that “many of you in the room will have experienced... [Read More...]

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Fermat formats cat bond fund in PIE box

David Chaplin — Sun, 16 Aug 2026 10:15:37 +0000

In a first for the NZ market, US-headquartered insurance-linked securities manager, Fermat Capital, has released a catastrophe bond fund in a portfolio investment entity (PIE) wrapper. Hosted by Adminis, the wholesale Fermat Cat Bond PIE opens up a tax-effective route to the asset class for NZ investors in a sector previously accessible via institutional mandates... [Read More...]

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Horner gives notice to FMA; Mercer confirms new managers for NZ fixed, cash funds

David Chaplin — Sun, 16 Aug 2026 10:05:57 +0000

John Horner, Financial Markets Authority (FMA) director of markets, investors and reporting, has resigned to rejoin the legal fraternity. In a note last week, Horner told market participants he would “not be involved in any specific entity work to manage conflicts” during a yet-to-be-finalised end-of-notice period. He arrived at the FMA in 2020 as a... [Read More...]

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NZ Super to make call on travel, telecom stocks as sustainable policy lands

David Chaplin — Sun, 16 Aug 2026 10:00:17 +0000

The NZ Superannuation Fund (NZS) may yet exclude the handful of stocks at the centre of a recent court ruling following a just-released sustainable investment policy update. In a release, Cristina Billett, NZS general manager corporate affairs, said the $95 billion sovereign wealth fund has slated the four companies – Airbnb, Booking.com, Expedia and Motorola... [Read More...]

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Strategi, FANZ to adapt CFP for ‘flexible’ advice regime

David Chaplin — Sun, 16 Aug 2026 09:55:37 +0000

Strategi is to work with Financial Advice NZ (FANZ) on adapting the CFP program in line with the local regulatory system. David Greenslade, Strategi executive director, said the adviser education and compliance firm had just inked a deal with FANZ to build out part of a refreshed CFP that takes account of the “flexible” NZ... [Read More...]

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NPF books steady returns, sheds another scheme

David Chaplin — Sun, 16 Aug 2026 09:50:56 +0000

The National Provident Fund (NPF) reported a year-on-year bump up in investment performance over the 2025/26 reporting period even as total assets, and scheme numbers, fell again. According to the just-released NPF annual report, the combined underlying seven schemes – as represented in funds held in the Global Asset Trust – generated more than $133... [Read More...]

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CFA shows the way from SAA to TPA

David Chaplin — Sun, 16 Aug 2026 09:40:56 +0000

Most investors are likely to stick with the standard asset-based risk management framework despite the rise of the much-vaunted ‘total portfolio approach’ (TPA), according to a new CFA Institute paper. In another contribution to the growing stack of TPA literature, the CFA report says strategic asset allocation (SAA) is “expected to remain the dominant investment... [Read More...]

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On the turn: MFS weighs active case in asset-heavy business cycle

David Chaplin — Sun, 16 Aug 2026 09:30:44 +0000

In a note this July, the credit research house, Moody’s Ratings, raised its estimates for AI-related capital expenditure of the so-called ‘hyperscalers’ to US$785 billion this year with a big jump to US$1 trillion in 2027. “Previously, these companies relied on asset-light structures centered on software, intellectual property, and scalable cloud services that required modest... [Read More...]

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Profit, loss and capital injections: Kernel, Köura, Generate and Pie report for duty

David Chaplin — Sun, 09 Aug 2026 10:26:27 +0000

Most NZ retail fund managers have seen a significant revenue uplift this year but the latest batch of reports show that hasn’t always translated into profits. Both Kernel and Köura, for example, both reported losses and new capital injections over the 12 months to March 31 despite almost doubling fee revenues year-on-year. The fast-growing Kernel,... [Read More...]

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Asset allocation head change at NZ Super; Klee joins Mercer; new FMA chair, director named; third board member for Auckland council fund; Kerr bankrupted at home

David Chaplin — Sun, 09 Aug 2026 10:26:11 +0000

The NZ Superannuation Fund (NZS) has named Alex Bacchus as head of asset allocation to replace incumbent, Charles Hyde, who has landed a mystery role offshore. Hyde has led the asset allocation team for five years after joining the-now $95 billion sovereign fund in 2015 as a senior investment strategist. Prior to the NZS he... [Read More...]

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FMA invites managers to close related-party disclosure gaps…

David Chaplin — Sun, 09 Aug 2026 10:25:52 +0000

Licensed fund managers have been nudged to improve related-party disclosures in another crack at the already under-consultation issue by the Financial Markets Authority (FMA). The FMA desktop-based review of financial statements issued by 61 (of the total 70) managed investment scheme (MIS) managers found most disclosed the bare bones of related-party arrangements and transactions. “However,... [Read More...]

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