NZ sharemarket slips back into negative territory
After posting four out of five falls this week, the New Zealand sharemarket has slipped back into negative territory for the year.
The S&P/NZX 50 Index was saved from further damage with a sharp rise in the last half-hour of the matching session and closed at 11,755.17, up 8.58 points or 0.07% after reaching an intraday low of 11,704.77.
The index lost 1.54% for the week and is down 0.14% for the year to date.
There were 65 gainers and 68 decliners on the main board, with 28.37 million shares worth $88.05m changing hands ...MORE»
[Weekly Wrap] Money on the moveFriday, May 10th, 2:38PM
Two funds management empires fall, while a new one is built. MORE» |
[GRTV] Richard Klipin reflects on time at FSCThursday, May 9th, 9:10AM
Richard Klipin signs off as Financial Services Council (FSC) chief executive this week, he talks to Philip Macalister about his achievements and his thoughts on financial advice. MORE» |
Sponsored Content
Veteran financial adviser offers new coaching service for financial advisers
There’s a saying that old dogs never die - they simply fade away. Long-time financial adviser David Pine from Wellington has finally put away his insurance tools but doesn’t intend to fade away just yet. MORE »
QuayStreet and Generate prominent in Morningstar’s latest KiwiSaver results
KiwiSaver assets increased, owing significantly to market movements, to end the March quarter at $108.6 billion, up $4 billion from the end of last year.
The overall tone for the quarter was cautious optimism, while inflation was a concern, global growth prospects improved, and global equity markets delivered strong returns, particularly for unhedged holdings due to the weaker NZ dollar, says Morningstar director global fund data Greg Bunkall.
The five biggest providers, ANZ, Fisher, ASB, Westpac and Milford accounted for 68% of assets and 69% of the ...MORE»
Nikko relaunches its KiwiSaver propositionTuesday, May 7th, 10:00AM
Nikko has relaunched its GoalsGetter KiwiSaver proposition adding other managers’ funds and making improvements for advisers. MORE» |
ANZ exits wholesale funds managementFriday, May 3rd, 10:06AM
ANZ Investments to exit Wholesale business and focus on better outcomes for everyday Kiwi investors MORE» |
|
News Bites
|
Sponsored by: |
|
Generate gets on board with Spirit of Adventure
Generate partners with the Spirit of Adventure Trust to help empower more Kiwis get ahead. MORE»
|
GoodReturns TV
|
[GRTV] A trip around investment issues with MyFiduciary’s Chris Douglas
It’s not just changes to the trustee tax tax rate that’s driving PIE growth, MyFiduciary principal Chris Douglas tells Good Returns TV. MORE»
|
Investments
|
Sponsored by: |
|
Don’t let perfect be the enemy of good
Living in a sustainable way was a feature of my household long before it became part of the mainstream culture. MORE»
|
Sponsored by: |
|
7 key takeaways from new insurance bill
OPINION: Steve Wright has read the Contracts of Insurance Bill which was introduced to Parliament last week and outlines seven potential changes facing advisers and insurers. MORE»
|
TMM Online
|
Businesses holding up OCR cuts
Businesses must realise that despite their costs jumping 10%, they can only raise prices 2% and must find savings and boost productivity, otherwise monetary policy won’t be eased and interest rates won’t fall. MORE»
|
Sponsored by: |
|
Financial Advice NZ appoints new Head of Professional Development
Former board member becomes Fin Advice NZ's new head of professional development. MORE»
|
Sponsored by: |
|
QuayStreet and Generate prominent in Morningstar’s latest KiwiSaver results
KiwiSaver assets increased, owing significantly to market movements, to end the March quarter at $108.6 billion, up $4 billion from the end of last year. MORE»
