Bonds, credit and property: A new frontier for conservative KiwiSavers

Bonds, credit and property: A new frontier for conservative KiwiSavers
Dan Brunskill
Conservative KiwiSaver funds are getting pushed into investing in corporate bonds, private credit and direct property purchases as interest rates on the cusp of turning negative force fund managers to either accept negative returns or inject more risk into their clients' portfolios. AMP — the country's second largest default fund provider — had already been shifting cash mainly into corporate bonds or utility-style stocks for more than a year in response to negative European and Japanese bond yields. “In gene...

More Markets

NZ sharemarket continues sliding, down 0.5%
Markets Market close

NZ sharemarket continues sliding, down 0.5%

The S&P/NZX 50 Index closed at 12,692.72, down 68.47 points or 0.54%.

Graham Skellern 12 Dec 2024
Spark sells remaining Connexa stake for $314m
Markets

Spark sells remaining Connexa stake for $314m

The sale will result in a $70m gain on telco's books.

Ben Moore 12 Dec 2024
Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Neal Barclay to exit Meridian as CEO
Markets

Neal Barclay to exit Meridian as CEO

Current CFO Mike Roan will take Barclay's spot atop Meridian.

Staff reporters 12 Dec 2024