Managed Funds

NZ Super Fund gains in February

By GARETH VAUGHAN BusinessDay.co.nz

The New Zealand Superannuation Fund produced a 1.88 per cent return in February, lifting the overall value of the retirement nest egg by $296 million.

More Kiwis 'feeling unprepared for retirement'

By JAMES WEIR The Dominion Post

The global financial crisis, finance company failures and falling house prices are leaving many New Zealanders feeling unprepared for retirement despite the advent of KiwiSaver, a survey shows.

Huljich appoints external consultant

NZPA

Huljich Wealth Management has appointed Investment Research Group (IRG) chief investment officer David McEwen as an external consultant to its investment committee.

Super Fund picks 'catastrophe bonds'

NZPA

The New Zealand Superannuation Fund is investing between US$125 million and US$250m (NZ$176.4m-NZ$353.4m) in "catastrophe bonds".

$253m into retail managed funds

NZPA

Net funds of $253 million flowed into retail managed funds in the December quarter, with KiwiSaver funds and unit trusts making the main gains while group investment funds continued to be out of favour.

Kauri bond raises $225m

NZPA

The Asian Development Bank has raised NZ$225 million in its first Kauri bond sale.

Positive month for Super Fund

The New Zealand Superannuation Fund reported another positive performance in November in what it described as a "year of two halves".

Retirement savings back to pre-crisis levels

Reuters

New Zealanders are flooding into KiwiSaver and once again saving for their retirement despite the recession, according to a survey released today.

Growth funds continue top run in KiwiSaver funds

Growth funds are the standout performers for the second consecutive quarter, a Mercer survey of KiwiSaver funds shows.

Restructuring at AllianceBernstein

By JAMES WEIR The Dominion Post

Investors with about $1 billion managed by Wellington's AllianceBernstein have been left up in the air by a decision to restructure its New Zealand business.