Investment News NZ

Fisher cuts in Wellington; AMP product gig for ex Russell NZ head; FMA hires former Harbour director

David Chaplin — Sun, 07 Jun 2026 10:24:48 +0000

Fisher Funds has halved its Wellington-based finance team as part of ongoing back-office integration moves. According to a Fisher spokesperson, the Wellington finance staff numbers fell from eight to four post the “structural changes” that were “designed to strengthen financial insights and capability and leverage two new finance systems that were put in, after the... [Read More...]

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SEC slams WAM with US$100m fine

David Chaplin — Sun, 07 Jun 2026 10:24:33 +0000

Global fixed income shop, Western Asset Management (WAM), copped a US$100 million fine last week following a Securities and Exchange Commission (SEC) investigation into an alleged ‘cherry-picking’ scheme run by former co-chief investment officer, Ken Leech. Under the deal inked with the SEC, WAM agreed to a “cease-and-desist order, a censure, and to pay a... [Read More...]

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S&P call to limit SpaceX launch fuel; Vanguard ETF breaks US$1tn size barrier

David Chaplin — Sun, 07 Jun 2026 10:24:17 +0000

Global financial benchmark provider, S&P Dow Jones Indices (S&PDJI), has retained its index inclusion criteria in a move set to drain a significant amount of passive fuel-flow to the upcoming SpaceX float. In a release last week, S&PDJI confirmed no change to its rules following an industry consultation on potential waivers to fast-track benchmark entry... [Read More...]

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IOSCO overhauls fund valuation guidelines

David Chaplin — Sun, 07 Jun 2026 10:23:53 +0000

The International Organization of Securities Commissions (IOSCO) has flagged record-keeping and due diligence of third-party providers for closer attention in a final report detailing global managed fund valuation best-practices. According to the report, the 13 IOSCO updated recommendations lay the groundwork for “fair and consistent valuation” across collective investment schemes – a broad church including... [Read More...]

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Peak body calls summit to help bridge advice gap

David Chaplin — Sun, 07 Jun 2026 10:23:33 +0000

Financial Advice NZ (FANZ) is to hold an inaugural ‘policy summit’ next month to help address some of the challenges facing the sector amid fast-paced regulatory change and evolving consumer tastes. Nick Hakes, FANZ chief, said the event, set down for July 28, marks the “first step” in a long journey to finally bridge the... [Read More...]

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EM manager goes on tech diet as concentration bloats index

David Chaplin — Sun, 07 Jun 2026 10:23:17 +0000

US stock market concentration cracked a more than 90-year record late last year, according to data from the Morningstar-owned indexer, Center for Research in Security Prices (CRSP). Citing the CRSP numbers, a Morningstar article the February noted that the top 10 companies “reached 37.7% of the US stock market value on Oct. 31, 2025, surpassing... [Read More...]

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The forces awaken: why financial advice firms must prepare as change hits hyperdrive

David Chaplin — Sun, 07 Jun 2026 10:22:51 +0000

Traditional financial advice business models are under attack from all sides as demography and technology combine to challenge the status quo. Heathcote Investment Partners founder, Clayton Coplestone, examines the gathering forces and how advisers can fight back… “Difficult to see; always in motion is the future,” the resident alien philosopher, Yoda, mumbled gnomically in Star... [Read More...]

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Aussie stablecoin shop makes NZ dollar play

David Chaplin — Sun, 07 Jun 2026 10:22:24 +0000

An Australian stablecoin start-up has cross the Tasman to issue a ‘bank-grade’ NZ dollar version of the blockchain-based payments technology. In a release last week, Effie Dimitropoulos, AUDC chief, said NZ was falling behind other jurisdictions in efforts to build stablecoins that can facilitate almost real-time settlement between institutions. “Despite NZD being a top 10... [Read More...]

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Fund distributors plot more NZ action

David Chaplin — Sun, 07 Jun 2026 10:21:56 +0000

Australia-based third-party fund distribution outfit, GSFM, is weighing up further launches in NZ in the wake of its inaugural portfolio investment entity (PIE) release last year. In a release, GSFM chief, Damien McIntyre, said the group was looking at follow-up options after making landfall in NZ with the Munro Global Growth Climate Leaders PIE last... [Read More...]

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Budget throws small change to FMA, boosts NZ Super, widens FIF loophole

David Chaplin — Sun, 31 May 2026 10:56:46 +0000

The Financial Markets Authority (FMA) garnered a more than $7 million core revenue increase year-on-year in the budget handed down last week, mostly directed at its enforcement capability. According to government figures, the FMA annual allocation jumped from almost $73.5 million last year to $80.8 million for the 2026/27 period with the increase largely funded... [Read More...]

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Morrison dishes up infra-PIEs with Adminis

David Chaplin — Sun, 31 May 2026 10:56:31 +0000

NZ-founded infrastructure investment giant, Morrison, has joined the portfolio investment entity (PIE) parade with a brace of products set for release under a fund-hosting agreement with Adminis. The two PIEs, offering respective hedged and unhedged exposure to a global listed infrastructure portfolio, open up tax-effective NZ retail investor channels for the first time into the... [Read More...]

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More contributing factors: MJW study finds KiwiSaver quirks

David Chaplin — Sun, 31 May 2026 10:56:15 +0000

Females are more likely to contribute to KiwiSaver than male counterparts while about a third of members continue to drop money into schemes past age 65, according to new Melville Jessup Weaver (MJW) research. The MJW study, its fifth demographic probe of KiwiSaver carried out for the Retirement Commission, found contribution behaviour travelled through two... [Read More...]

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