Nikko sticks with Ark's investment strategy despite hard times

Nikko sticks with Ark's investment strategy despite hard times
Ark's Cathie Wood said markets are irrational currently. (Image: Ark Investment Management)
Jenny Ruth
Nikko Asset Management isn't among those bailing from Cathie Wood's Ark Innovation exchange-traded fund (ETF).In 2019, Wood called herself the most-trolled fund manager on earth, and she certainly seems to have a target on her back now.Wood's funds, which invest in technological disruption, have suffered huge price falls over the last year as well as significant funds outflows.However, she still had more than US$30 billion (NZ$44.34b) in funds under management at Dec 31, including more than US$16b in the innovation fund, according t...

More Finance

Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

Commentators raise cost-benefit concerns over the RBNZ's capital settings review.

ANZ vows to fight CCCFA class action despite ASB settlement
Finance

ANZ vows to fight CCCFA class action despite ASB settlement

“ANZ NZ will continue to defend its case. Our position hasn’t changed.” 

Andy Macdonald 08 Oct 2025
ASB settles CCCFA class action for hefty $135.6m
Finance

ASB settles CCCFA class action for hefty $135.6m

 It ended a four-year class action centred on disclosure obligations.

Andy Macdonald 07 Oct 2025
ASB pays $135.6m to settle long-running CCCFA class action
Finance

ASB pays $135.6m to settle long-running CCCFA class action

High-street lender ASB has agreed to pay $135.6 million to settle a class action brought against it for alleged breaches of the Credit Contracts and Consumer Finance Act (CCCFA).The settlement – without admission of liability or wrongdoing – concluded four years of legal proceedi...

Staff reporters 07 Oct 2025