NZ celebrates BlackRock week

NZ celebrates BlackRock week
Luckily, BlackRock's Larry Fink isn't turning NZ from a democracy into an ETF. (Image: Getty)
David Chaplin
BlackRock bought New Zealand last week in an off balance-sheet transaction slated for repackaging as the first sovereign nation-specific exchange-traded fund.Due to be listed on the agri-heavy Chicago Board of Exchange (Cboe), the ground-breaking deal will capture the entire Kiwi economy inside the tax-efficient ETF (ticker code: KROCK) for an all-in annual fee of just 0.07%.Larry Fink, BlackRock chief executive, said in a statement that the move from democracy to ETF would bring enormous benefits for the country formerly known as Aotearoa...

More Opinion

NZ’s farmers need innovation – not delays
Opinion

Fenton Hazelwood: NZ’s farmers need innovation – not delays

One in four jobs in New Zealand are tied to the food and fibre sector’s success.

Private equity's fee-line for asset management
Opinion

David Chaplin: Private equity's fee-line for asset management

Big fish eat the little ones; are they swimming NZ's way?

David Chaplin 29 Jul 2025
OCR steals the show
Economy

Cameron Bagrie: OCR steals the show

The yield on a NZ 10-year bond is currently around 4.6%.

Cameron Bagrie 28 Jul 2025