NZX doubles down on funds business

NZX doubles down on funds business
Harmoney was one of the new equity issuers to list on the NZX in the past three years and has since quit. (Photo: NZX)
Dan Brunskill
Stock market operator NZX has doubled down on funds management with its acquisition of QuayStreet and search for a strategic partner for its Wealth Technologies division. This focus on funds management had been criticised in the past, with other capital markets participants wishing the New Zealand stock exchange operator would put more effort into its core business. Several brokers and fund managers told BusinessDesk last year they would like to see the NZX divest its Smartshares business. Instead, it had expanded the division wi...

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