Fisher Funds buys Kiwi Wealth, but is more always better?

Fisher Funds buys Kiwi Wealth, but is more always better?
Fisher Funds should end up with more than $20 billion under management after absorbing Kiwi Wealth. (Image: Kiwi Wealth)
David Chaplin
Fisher Funds takes formal control of the Kiwi Wealth empire this week, almost a year after the government decided to flog off the investment business.Depending on market conditions on the day and client attrition, Fisher should end up with more than $20 billion under management after absorbing Kiwi Wealth, putting the Takapuna-based firm on almost equal footing with the ASB investment business.The highly acquisitive Fisher, which also snapped up the Aon KiwiSaver and employer super scheme last November for $32 million, spent $310m to bag Kiwi W...

More Opinion

Microsoft’s shiny new NZ datacentre
Opinion

Peter Griffin: Microsoft’s shiny new NZ datacentre

NZ is a sort of experiment demonstrating the role of high-capacity infrastructure.

Token-ology: the next thing
Opinion

David Chaplin: Token-ology: the next thing

Despite promising developments, fund tokenisation remains in an experimental phase.

David Chaplin 11 Dec 2024
Covid helped polarise us
Opinion

Sir Peter Gluckman: Covid helped polarise us

The pandemic's consequences continue to reverberate. 

Rangatira eyes international stocks
Opinion

Paul McBeth: Rangatira eyes international stocks

The investment firm is finding things tough going for local holdings.

Paul McBeth 10 Dec 2024