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Business Scoop » Kiwis Can Hold Diversified Growth Funds, From Multiple Managers, In A Single KiwiSaver Portfolio.


Press Release – InvestNow
Innovative online savings platform InvestNow has knocked back claims that the current single scheme KiwiSaver rule limits member choice. Mike Heath, InvestNow General Manager, said recent media comments alleging the current law restricting KiwiSaver …
Innovative online savings platform InvestNow has knocked back claims that the current ‘single scheme’ KiwiSaver rule limits member choice.
Mike Heath, InvestNow General Manager, said recent media comments alleging the current law restricting KiwiSaver members to one scheme is ‘incredibly bad practice’ misses an important development in the sector.
“At InvestNow we’ve solved what some media commentators are calling a flaw in the design of KiwiSaver that restricts diversification by preventing members from joining more than one scheme,” Heath said. “By applying our existing platform technology, Kiwis don’t have to have all their KiwiSaver eggs in one basket – with us th ....

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Kiwis Can Hold Diversified Growth Funds, From Multiple Managers, In A Single KiwiSaver Portfolio.


Wednesday, 14 July 2021, 2:38 pm
Innovative online savings platform InvestNow has knocked
back claims that the current ‘single scheme’ KiwiSaver
rule limits member choice.
Mike Heath, InvestNow
General Manager, said recent media comments alleging the
current law restricting KiwiSaver members to one scheme is
‘incredibly bad practice’ misses an important
development in the sector.
“At InvestNow we’ve
solved what some media commentators are calling a flaw in
the design of KiwiSaver that restricts diversification by
preventing members from joining more than one scheme,”
Heath said. “By applying our existing platform technology,
Kiwis don’t have to have all their KiwiSaver eggs in one ....

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Market close: Fonterra emerges from trading halt with big dip


Market close: Fonterra emerges from trading halt with big dip
7 May, 2021 05:38 AM
4 minutes to read
Fonterra Shareholders Fund fell 30c or 6.52 per cent to $4.30. Photo / File
NZ Herald
By: Graham Skellern
A quiet New Zealand sharemarket caught the end-of-week Fridayitis and closed with a small loss on light trading – and a2 Milk took another dip.
The S&P/NZX 50 Index was down 21.74 points or 0.17
per cent to 12,729.92, after trading in a narrow range with an intraday low of 12,699.67. There were 63 gainers and 68 decliners over the whole market of 186 stocks on volume of 36.41 million share transactions worth $124.39 million.
Matt Goodson, managing director of Salt Funds Management, said it was a fairly directionless day. There were some flows into (Smartshares) passive investment funds earlier in the week and now it s pretty quiet. ....

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Market close: NZ sharemarket 'treading water' as it awaits company results


Market close: NZ sharemarket treading water as it awaits company results
30 Apr, 2021 05:54 AM
4 minutes to read
The NZ sharemarket edged ahead to end the week. Photo / File
NZ Herald
By: Graham Skellern
The New Zealand sharemarket ended the week on a quiet note and a small gain, with one fund managing saying it is treading water awaiting the latest mini-reporting season.
The S&P/NZX 50 Index edged ahead
15.92 points or 0.13 per cent to 12,731.13, after falling to an intraday low of 12,661.10. There were 66 gainers and 73 decliners over the whole market, with 56.54 million shares worth $192.11 million changing hands.
Matt Goodson, managing director of Salt Funds Management, said the market has been very quiet. One concern is that New Zealand could see high inflation measurements here and overseas over the next several months, with price increases all over the place. ....

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Market close: Energy stocks drag down NZ sharemarket


Market close: Energy stocks drag down NZ sharemarket
20 Apr, 2021 05:38 AM
4 minutes to read
By: Graham Skellern
The New Zealand sharemarket gave up some of its recent hard-earned gains, led down by the energy stocks hit by dry weather in both the North and South Islands.
The S&P/NZX 50 Index fell 89.28
points or 0.7 per cent to 12,678.55, and the index did stage a late recovery after reaching an intraday low of 12,574.25. There were 51 gainers and 94 decliners over the whole market, with 52.36 million shares worth $197.88 million changing hands.
Matt Goodson, managing director of Salt Funds Management, said the question is, do markets keep on running? The corporate earnings outlook is reasonable without being outstanding, and it depends on whether central banks will maintain their present monetary policy with inflation starting to creep in. ....

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