The Simplicity of Vanguard retreats

The Simplicity of Vanguard retreats
Vanguard will hardly notice the difference after losing the $3b of Simplicity money. (Image: Getty)
David Chaplin
US index fund behemoth, Vanguard, is due to lose its largest New Zealand client next month as passive-leaning KiwiSaver provider, Simplicity, uses a German replacement to plug a long-standing tax leak. First leaked here in this Christmas special, the decision to install the Deutsche Bank funds management offshoot, DWS, as its global asset provider should deliver “an estimated $4-7 million on aggregate per year” to Simplicity investors compared to the existing Vanguard options, according to a release.The DWS move repairs a well-...

More Finance

Coal and gold added to critical minerals list
Finance

Coal and gold added to critical minerals list

Banks and insurance companies threatened with regulatory retaliation if they block mining.

Ian Llewellyn 31 Jan 2025
Powell says US Fed in no hurry to cut rates after pause
Finance

Powell says US Fed in no hurry to cut rates after pause

The decision follows three consecutive rate reductions.

NZ as a financial services centre
Finance

Henry Brandts-Giesen: NZ as a financial services centre

A John Key era idea that didn't fly then should be reconsidered now.

Todd to exit Pilbara iron ore play
Finance

Todd to exit Pilbara iron ore play

The multi-billion plan never got off the ground. Now Todd is cutting its losses.

Pattrick Smellie 29 Jan 2025