Investment News NZ https://investmentnews.co.nz/ Investment News provides financial advisers news stories from the financial industry in New Zealand. Subscribe to our free weekly newsletter. Mon, 07 Sep 2026 01:58:54 +0000 en-NZ hourly 1 https://wordpress.org/?v=7.0.4 https://investmentnews.co.nz/wp-content/uploads/fav.png Investment News NZ https://investmentnews.co.nz/ 32 32 Down the index launderette: new study questions SPIVA spin https://investmentnews.co.nz/investment-news/down-the-index-launderette-new-study-questions-spiva-spin/?utm_source=rss&utm_medium=rss&utm_campaign=down-the-index-launderette-new-study-questions-spiva-spin Sun, 06 Sep 2026 11:30:03 +0000 https://investmentnews.co.nz/?p=30771 About 90 per cent of NZ-domiciled active global share funds underperformed an index over the three years to the end of 2025, according to the influential S&P Indices Versus Active (SPIVA) country report published this May. But about 90 per cent of NZ-domiciled passive global share funds also underperformed the same S&P Dow Jones Indices (S&P... [Read More...]

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]]> Instos tip US$450 million more into FNZ https://investmentnews.co.nz/investment-news/instos-tip-us450-million-more-into-fnz/?utm_source=rss&utm_medium=rss&utm_campaign=instos-tip-us450-million-more-into-fnz Sun, 06 Sep 2026 11:00:41 +0000 https://investmentnews.co.nz/?p=30762 FNZ has raised a further US$450 million of equity-funding from a small group of institutional shareholders as the capital-hungry financial technology firm eyes “profitable growth”. Including the latest capital-injection that follows a US$650 million top-up last November, the Wellington-domiciled company has tapped institutional owners for more than US$2.5 billion of dilutive equity-funding since late 2024... [Read More...]

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]]> Mercer turns to Marsh, Scott promoted https://investmentnews.co.nz/investment-news/mercer-turns-to-marsh-scott-promoted/?utm_source=rss&utm_medium=rss&utm_campaign=mercer-turns-to-marsh-scott-promoted Sun, 06 Sep 2026 10:45:18 +0000 https://investmentnews.co.nz/?p=30768 More than 80 years after foundation in Canada, the Mercer brand has been disestablished in favour of a parent-based moniker. Under the name-change Mercer has transitioned to Marsh People and Investments (MPI) in a move flagged last October. The rebranding, at least at the corporate level, applies effective September 1 across the Mercer global operations... [Read More...]

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]]> Fisher, Forbar moves highlight regional wealth wars https://investmentnews.co.nz/investment-news/fisher-forbar-moves-highlight-regional-wealth-wars/?utm_source=rss&utm_medium=rss&utm_campaign=fisher-forbar-moves-highlight-regional-wealth-wars Sun, 06 Sep 2026 10:30:53 +0000 https://investmentnews.co.nz/?p=30747 Fisher Funds is set to open satellite wealth management offices in three regional locations with a new adviser hiring spree under way. A Fisher spokesperson confirmed the circa $25 billion manager has launched a recruitment campaign for advisers ahead of “establishing small client teams in Hamilton, Tauranga, and Queenstown in the coming months”. The regional... [Read More...]

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]]> MAS leaves Paris for global quant style https://investmentnews.co.nz/investment-news/mas-leaves-paris-for-global-quant-style/?utm_source=rss&utm_medium=rss&utm_campaign=mas-leaves-paris-for-global-quant-style Sun, 06 Sep 2026 10:15:24 +0000 https://investmentnews.co.nz/?p=30756 The $3.5 billion MAS investment house has swapped a core passive ‘Paris-aligned’ international shares mandate for a wider-ranging active quantitative strategy. While the change has seen some $1.1 billion shift in the MAS global equities pool from a portfolio tracking the MSCI Climate Paris Aligned Index to an active quant approach, the underlying manager remains... [Read More...]

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]]> FAPs, DIMS issued pull-socks-up message on custody https://investmentnews.co.nz/investment-news/faps-dims-issued-pull-socks-up-message-on-custody/?utm_source=rss&utm_medium=rss&utm_campaign=faps-dims-issued-pull-socks-up-message-on-custody Sun, 06 Sep 2026 10:00:53 +0000 https://investmentnews.co.nz/?p=30751 Financial advice provider (FAP) custody and client asset-handling processes leave much room for improvement, a just-published Financial Markets Authority (FMA) review has found. The FMA probe of 130 FAPs and discretionary investment management service (DIMS) providers uncovered multiple loose custodial and asset-protection habits in the sector across four broad functions. While the regulatory review found... [Read More...]

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]]> Insolvent Chance Voight entities found empty, further liquidation decision pending https://investmentnews.co.nz/investment-news/insolvent-chance-voight-entities-found-empty-further-liquidation-decision-pending/?utm_source=rss&utm_medium=rss&utm_campaign=insolvent-chance-voight-entities-found-empty-further-liquidation-decision-pending Sun, 06 Sep 2026 09:45:23 +0000 https://investmentnews.co.nz/?p=30765 Chance Voight liquidators have confirmed the wholesale investment firm was “materially insolvent” in a first full report to creditors and shareholders published last week. The Teneo report found the six Chance Voight companies placed into liquidation on request from the Financial Markets Authority (FMA) in July had “no physical assets”. After probing a series of... [Read More...]

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]]> Tracking devices: risk budgeting for benchmark-aware investors https://investmentnews.co.nz/investment-news/tracking-devices-risk-budgeting-for-benchmark-aware-investors/?utm_source=rss&utm_medium=rss&utm_campaign=tracking-devices-risk-budgeting-for-benchmark-aware-investors Sun, 06 Sep 2026 09:30:19 +0000 https://investmentnews.co.nz/?p=30759 Institutional investors tied to tight tracking-error targets don’t have to break up with the benchmark to boost risk-adjusted returns, according to Scientific Beta. But the specialist index provider argues benchmark-constrained investors need to carefully spend “every basis point of active risk” when straying off strict cap-weighted limits. In a recent analysis, Scientific Beta found investors... [Read More...]

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]]> US regulator sues proxy-voting firm https://investmentnews.co.nz/investment-news/us-regulator-sues-proxy-voting-firm/?utm_source=rss&utm_medium=rss&utm_campaign=us-regulator-sues-proxy-voting-firm Sun, 06 Sep 2026 09:20:59 +0000 https://investmentnews.co.nz/?p=30774 The US financial regulator has launched a legal assault on global proxy voting giant, Institutional Shareholder Services (ISS). In a statement last week, the US Securities Exchange Commission (SEC) confirmed it has filed a “subpoena enforcement action” to compel ISS to supply internal and client documentation on proxy-voting decisions. ISS, a division of the Deutsche... [Read More...]

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]]> Barrass quits FMA, effective today https://investmentnews.co.nz/investment-news/barrass-quits-fma-effective-today/?utm_source=rss&utm_medium=rss&utm_campaign=barrass-quits-fma-effective-today Thu, 03 Sep 2026 04:24:04 +0000 https://investmentnews.co.nz/?p=30745 Financial Markets Authority (FMA) chief, Samantha Barrass, has ended her troubled five-year stint atop the regulator early after resigning today. In a statement issued this afternoon, FMA chair, James Miller, said the board agreed Barrass would finish up today, five months ahead of her formal end date next January. FMA board member, Andrew Hercus, remains... [Read More...]

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]]> Member moonshots: Craigs, MAS join the exclusive $100,000 KiwiSaver club https://investmentnews.co.nz/investment-news/member-moonshots-craigs-mas-join-the-exclusive-100000-kiwisaver-club/?utm_source=rss&utm_medium=rss&utm_campaign=member-moonshots-craigs-mas-join-the-exclusive-100000-kiwisaver-club Sun, 30 Aug 2026 11:30:23 +0000 https://investmentnews.co.nz/?p=30734 New data gleaned from the 19th edition of the Investment News NZ annual KiwiSaver report shows three schemes now host average member balances of at least $100,000. Released last week, underlying data behind the free ‘KiwiSaver XIX: the phase transition’ * study found the Craigs, MAS and KiwiWRAP schemes all reported six-digit average member balances... [Read More...]

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]]> Britannia offloads UK pension schemes to Lifetime https://investmentnews.co.nz/investment-news/britannia-offloads-uk-pension-schemes-to-lifetime/?utm_source=rss&utm_medium=rss&utm_campaign=britannia-offloads-uk-pension-schemes-to-lifetime Sun, 30 Aug 2026 11:15:59 +0000 https://investmentnews.co.nz/?p=30730 Lifetime Asset Management is set to acquire the estimated $600 million Britannia UK pension scheme assets in a deal inked late in July. Annual reports from various Britannia schemes confirm the group signed a sale-and-purchase agreement on July 23 this year to transfer the management rights to Lifetime “relating to the Integral Master Trust, Britannia... [Read More...]

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