UPDATE: NZX to spend up to $35 mln for fund manager SuperLife

Sun, 07 Dec 2014

(Updates with chief executive comment throughout) By Paul McBeth and Suze Metherell Dec. 8 (BusinessDesk) - NZX, the stock market operator, will spend up to $35 million buying fund manager and KiwiSaver provider SuperLife as part of a plan to capture the growing Kiwisaver market by launching a series of new exchange traded fund in the coming year. The acquisition, which adds $1.27 billion of funds under management and 41,000 members, is expected to add to earnings over the 2015 financial year, and was prompted by the Wellington-based c...

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