More scope for KiwiSaver private investment, despite IMF's Aussie concerns

More scope for KiwiSaver private investment, despite IMF's Aussie concerns
Mercer NZ chief investment officer Padraig Brown. (Image: Mercer)
Greg Hurrell
Fund manager Mercer says New Zealand KiwiSaver managers shouldn’t shy away from more investment in private assets despite the International Monetary Fund’s unease over illiquidity in Australian pension funds.The International Monetary Fund’s (IMF) most recent biannual Global Financial Stability Report, released in October, highlighted Australian superannuation funds.Underlying the IMF's concern is the legal requirement to allow Australian pension fund customers to switch between investment options within three working days...

More Markets

Ebos’ index weight grows; NZX 50 drops 0.7%
Markets Market Close

Ebos’ index weight grows; NZX 50 drops 0.7%

The a2 Milk Company sunk about 5%.

Gregor Thompson 03 Jun 2025
Steven Joyce, Jim Grenon join NZME board
Markets

Steven Joyce, Jim Grenon join NZME board

Joyce had 93% shareholder support, Grenon 86%.

Pattrick Smellie 03 Jun 2025
Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Gregor Thompson 03 Jun 2025
Pacific Edge says tide is turning in its favour
Markets

Pacific Edge says tide is turning in its favour

Its new $20m capital raise aims to carry it past current financial losses.

Greg Hurrell 03 Jun 2025