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Strong global equities helped Kiwi Wealth shine in June qtr

Jenny Ruth
Tue, 20 Jul 2021

Returns from cash and bonds were very low (Image: BusinessDesk)
Jenny Ruth
Tue, 20 Jul 2021
With global markets performing considerably better than New Zealand's in the June quarter, the best performing managed funds had a high allocation to global equities, the latest survey of managed funds by consulting actuaries Melville Jessup Weaver (MJW) found."The effect is most pronounced in the growth funds where the providers that have done the best – Kiwi Wealth, Generate, ANZ – all have high allocation to global equities," MJW said.While the S&P/NZX 50 Index gained just 0.9% in the June quarter, the unhedged...

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Law & Regulation
David Henry firm moves into liquidation owing $400k
Brent Melville | Sat, 31 Jul 2021

Kinleith Land and Infrastructure moves into liquidation owing at least $400,000, liquidator looks to sell solar farm.

On the Money
On the Money: Chris Dunphy, Peter Wells' potential $250m payday, Banksy, Bridges, and more
Rebecca Stevenson | Sat, 31 Jul 2021

Which minister thought he was at a rave, who's cashing in on another potential IPO on the ASX, why wasn't anyone buying Banksy? And more.

Opinion FREE
Why it's hard to open a supermarket in NZ
Eric Crampton | Fri, 30 Jul 2021

Supermarkets' high profits should motivate a new competitor, if they're real. If the profits are there, what's stopping them?

How events can support a sustainable future

Sustainability has become a fundamental characteristic of a responsible business. It’s no longer just about “doing the right thing for the environment”, but now a much more holistic proposition where businesses have a real responsibility to embrace sustainable business practices - or risk being left behind.

5 trends as construction begins towards carbon neutrality

Carbon neutral trends emerging in engineering, procurement and construction across the globe indicate what we can expect in New Zealand over the next thirty years.