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. Sun, 14 Jun 2026 19:11:06 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.9.4 https://investmentnews.co.nz/wp-content/uploads/fav.png Investment News NZ https://investmentnews.co.nz/ 32 32 NZ Super skips IPO but holds US$60m in SpaceX orbit https://investmentnews.co.nz/investment-news/nz-super-skips-ipo-but-holds-us60m-in-spacex-orbit/?utm_source=rss&utm_medium=rss&utm_campaign=nz-super-skips-ipo-but-holds-us60m-in-spacex-orbit Sun, 14 Jun 2026 10:57:09 +0000 https://investmentnews.co.nz/?p=30329 The almost $93 billion NZ Superannuation Fund (NZS) passed on the biggest IPO of all-time (to date) last week but retains an earlier, perhaps more profitable, slice of SpaceX equity in its existing portfolio. A NZS spokesperson said despite skipping the much-hyped listing, the sovereign wealth vehicle does “have some exposure to SpaceX via our... [Read More...]

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]]> Magellan navigates name-change; regulator welcomes another mortgage-based MIS https://investmentnews.co.nz/investment-news/magellan-navigates-name-change-regulator-welcomes-another-mortgage-based-mis/?utm_source=rss&utm_medium=rss&utm_campaign=magellan-navigates-name-change-regulator-welcomes-another-mortgage-based-mis Sun, 14 Jun 2026 10:56:03 +0000 https://investmentnews.co.nz/?p=30323 The once-mega Magellan name will disappear after the Australian competition regulator signed off on a merger between the funds management group and investment banking subsidiary, Barrenjoey Capital Partners. Under the change, Magellan Investment Partners – itself a rebrand from Magellan Asset Management last August – is set to adopt the Barrenjoey Investment Partners (BIP) banner... [Read More...]

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]]> Dentons flags regulator as offside in related-party push… https://investmentnews.co.nz/investment-news/dentons-flags-regulator-as-offside-in-related-party-push/?utm_source=rss&utm_medium=rss&utm_campaign=dentons-flags-regulator-as-offside-in-related-party-push Sun, 14 Jun 2026 10:55:46 +0000 https://investmentnews.co.nz/?p=30334 Proposed related-party transaction (RPT) guidance for licensed fund managers oversteps legislative boundaries, according to a submission from legal firm, Dentons. In a consultation published last month, the Financial Markets Authority (FMA) notes that under the governing law for licensed fund managers “related party transactions are prohibited unless an exception applies”. “The prohibition exists because these... [Read More...]

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]]> … as FMA returns to soft-dollar focus with COFI eyes https://investmentnews.co.nz/investment-news/as-fma-returns-to-soft-dollar-focus-with-cofi-eyes/?utm_source=rss&utm_medium=rss&utm_campaign=as-fma-returns-to-soft-dollar-focus-with-cofi-eyes Sun, 14 Jun 2026 10:55:29 +0000 https://investmentnews.co.nz/?p=30326 KiwiSaver and investment providers won’t face any particular regulatory scrutiny over ‘soft dollar’ incentives after the Financial Markets Authority (FMA) launched a broadside at the insurance industry last week. In a report published last week, the FMA took aim at insurers offering ‘non-monetary benefits and short-duration sales campaigns’, noting concerns that some of the soft-sell... [Read More...]

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]]> ESG funds eke out flow growth, product launches stall https://investmentnews.co.nz/investment-news/esg-funds-eke-out-flow-growth-product-launches-stall/?utm_source=rss&utm_medium=rss&utm_campaign=esg-funds-eke-out-flow-growth-product-launches-stall Sun, 14 Jun 2026 10:54:32 +0000 https://investmentnews.co.nz/?p=30320 Global sustainable fund flows turned positive for the first time almost a year first during the March 2026 quarter but product launches cratered amid stagnating demand in the sector, recent Morningstar data shows. The net US$3.5 billion flows into environmental, social and governance (ESG) themed funds during the first three months came largely on the... [Read More...]

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]]> The new world reorder: BCG picks advice losers (and winners) in ~US$550tn sector… https://investmentnews.co.nz/investment-news/the-new-world-reorder-bcg-picks-advice-losers-and-winners-in-us550tn-sector/?utm_source=rss&utm_medium=rss&utm_campaign=the-new-world-reorder-bcg-picks-advice-losers-and-winners-in-us550tn-sector Sun, 14 Jun 2026 10:54:11 +0000 https://investmentnews.co.nz/?p=30305 Specialists, consolidators and family-office-style financial advisory businesses are likely to flourish in an evolving wealth management sector set to punish “[s]ub-scale generalists”, according to a new Boston Consulting Group (BCG) report. The 26th annual BCG ‘Global wealth report’ argues that increased costs, growing service expectations of clients and succession woes are threatening the independent financial... [Read More...]

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]]> … as high-net-worthers tilt to boring, look for empathy https://investmentnews.co.nz/investment-news/as-high-net-worthers-tilt-to-boring-look-for-empathy/?utm_source=rss&utm_medium=rss&utm_campaign=as-high-net-worthers-tilt-to-boring-look-for-empathy Sun, 14 Jun 2026 10:53:52 +0000 https://investmentnews.co.nz/?p=30315 Portfolios of the global rich upped the vanilla flavour last year as traditional equities and fixed income assets rose at the expense of spicier alternatives. The Capgemini survey of more than 6,500 high net worth investors (HNWI) across the world found that listed equities represented 25 per cent of the average portfolio in 2025, up... [Read More...]

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]]> UK poised to cool fund climate-reporting duties https://investmentnews.co.nz/investment-news/uk-poised-to-cool-fund-climate-reporting-duties/?utm_source=rss&utm_medium=rss&utm_campaign=uk-poised-to-cool-fund-climate-reporting-duties Sun, 14 Jun 2026 10:53:14 +0000 https://investmentnews.co.nz/?p=30310 The UK is set to follow NZ in backpedalling on climate-related disclosures for the investment sector in a move that could save the sector more than £170 million over the next 10 years. Under the proposals released by the Financial Conduct Authority (FCA) earlier this month, product-level mandatory climate-reporting for fund managers and asset-owners would... [Read More...]

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]]> Show clients the future with OMNIMax’s Projection Tool https://investmentnews.co.nz/sponsor/show-clients-the-future-with-omnimaxs-projection-tool/?utm_source=rss&utm_medium=rss&utm_campaign=show-clients-the-future-with-omnimaxs-projection-tool Tue, 09 Jun 2026 23:52:32 +0000 https://investmentnews.co.nz/?p=30308 Financial advice clients want to understand where they are heading, what could change, and whether they are on track to meet their goals. OMNIMax’s Projection Tool supports these conversations by turning financial modelling into something clients can follow. It helps advisers show how a client’s KiwiSaver, investments and other assets could develop over time using... [Read More...]

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]]> Fisher cuts in Wellington; AMP product gig for ex Russell NZ head; FMA hires former Harbour director https://investmentnews.co.nz/investment-news/fisher-cuts-in-wellington-amp-product-gig-for-ex-russell-nz-head-fma-hires-former-harbour-director/?utm_source=rss&utm_medium=rss&utm_campaign=fisher-cuts-in-wellington-amp-product-gig-for-ex-russell-nz-head-fma-hires-former-harbour-director Sun, 07 Jun 2026 10:24:48 +0000 https://investmentnews.co.nz/?p=30213 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 https://investmentnews.co.nz/investment-news/sec-slams-wam-with-us100m-fine/?utm_source=rss&utm_medium=rss&utm_campaign=sec-slams-wam-with-us100m-fine Sun, 07 Jun 2026 10:24:33 +0000 https://investmentnews.co.nz/?p=30238 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 https://investmentnews.co.nz/investment-news/s-vanguard-etf-breaks-us1tn-size-barrier/?utm_source=rss&utm_medium=rss&utm_campaign=s-vanguard-etf-breaks-us1tn-size-barrier Sun, 07 Jun 2026 10:24:17 +0000 https://investmentnews.co.nz/?p=30225 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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