The government plans to issue sovereign green bonds from next year to help raise funds for New Zealand’s low carbon transition. “Green bonds will enhance the development of New Zealand’s susta
By Henry Ren (Bloomberg) -- Macquarie Group Ltd has ruled out purchasing a stake in London’s Heathrow airport, putting a sale of the UK hub at risk, the Telegraph reported. The Australian investm
The New Zealand Super Fund has been awarded a “perfect score” in the latest governance, sustainability, resilience (GSR) scoreboard published by international sovereign wealth fund experts GlobalS
(Bloomberg) -- Ares Management Corp has raised A$2.6 billion (NZ$2.7b) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leve
(Bloomberg) - The Congressional Budget Office warned in its latest projections that US federal government debt is on a path from 97% of GDP last year to 116% by 2034 – higher even than in World War
The Abu Dhabi Investment Fund, one of the largest sovereign wealth funds in the world, has sold its entire $262 million stake in listed property developer Precinct Properties. In a disclosure to the N
Since 1998, there has been a global moratorium on charging tariffs for digital services, but that may soon come to an end, depending on what happens at the World Trade Organisation conference this mon
By Joseph de Avila One of the world’s richest people and the head of the nation’s largest bank are joining a chorus of business executives making bold prognostications about the potential of art
By Eliot Brown, with assistance from Summer Said and Ben Dummett Saudi Arabia has been a conveyor belt of flashy spending plans over the past year: a US$48 billion (NZ$77b) property development anch
What exactly is sovereign AI and why would we want it? Machine learning and artificial intelligence expert Kiarie Ndegwa has been in the trenches with the tech for a decade, including working on Te H
Resources minister Shane Jones says he is not considering government intervention in the oil and gas sector but is going overseas to try to entice international players back to New Zealand. When he to
Nearly a decade into his tenure as Canada’s prime minister, Justin Trudeau suffers a severe case of third term-itis. Trudeau last month survived a vote of no confidence brought by the opposition Con
(Bloomberg) – BlackRock Inc’s co-founder sees markets primed for a comeback. There’s almost US$9 trillion (NZ$15.3tn) right now sitting in money market funds, and the same amount sitting in c
By Paul McBeth July 11 (BusinessDesk) - Government-owned lender Kiwibank has had the outlook on its credit ratings upgraded by Fitch Ratings as a result of its upbeat assessment of the sovereign earli
Stephen Gilmore, the chief investment officer of the New Zealand Superannuation Fund, has been poached to take up the same role at the California Public Employees' Retirement System (Calpers), the US'
By Eliot Brown and Rory Jones The engineers saw a mountain-sized problem. For weeks, thousands of trucks and diggers had worked 24 hours every day, scooping millions of cubic feet of sand at the w
By Julie Steinberg Miner Anglo American is considering a sale of De Beers, its storied diamond unit that has recently struggled, according to people familiar with the matter. The London-listed compa
By Stuart Trow The most unfortunate thing about the unedifying squabble in the UK over the sale by the Labour party deputy leader of her former council house is that it has politicised a useful and ef
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
By Paul McBeth Sept. 21 (BusinessDesk) - AIA Group, the Hong Kong stock exchange-listed life insurer, wants to beef up life insurance cover across Australasia and broaden its distribution networks wit
By Paul McBeth Aug. 9 (BusinessDesk) - Commonwealth Bank of Australia's New Zealand earnings were boosted by a 13 percent gain in ASB Bank's cash profit as the kiwi lender benefited from smaller charg
By Paul McBeth Sept. 21 (BusinessDesk) - Commonwealth Bank of Australia has sold its trans-Tasman life insurance businesses CommInsure Life and Sovereign Assurance for A$3.8 billion to global insurer.
By Sophie Boot March 2 (BusinessDesk) - Sovereign Assurance, New Zealand's biggest life insurer, has appointed Nick Stanhope as chief executive. Stanhope comes to the role from Sovereign's parent ASB.
By Greg Ritchie Sovereign debt costs are expected to double over the next three years, putting governments increasingly at the mercy of bond investors, according to Janus Henderson Group. Government
With just over a month to go before the election, rating agency S&P Global has given a favourable report card on the state of play with the New Zealand economy. The agency said it expects NZ’s fisca
Third party data: All data displayed on the FundSource pages (Data) on BusinessDesk has been sourced from an independent third party, FE Fundinfo. NZME and its related bodies corporate and affiliates (together NZME) do not make any representation as to the currency, fairness, accuracy, completeness or reliability of the Data. Nor will NZME have any liability to any person in relation to the use of or reliance on the Data.
No financial or investment advice: The Data is general information only. It is not financial product or investment advice or an investment recommendation, and has not been prepared taking into account the objectives, financial situation or needs of any person. Potential investors should seek their own independent advice from a qualified financial adviser prior to making an investment decision. NZME makes no recommendation in relation to, and accept no responsibility or ongoing liability for, any person’s investment decisions.
No offer: The Data is only to be accessed by New Zealand residents from within New Zealand, and may not be copied or distributed to any other person. The Data does not constitute an offer or solicitation to offer financial products or conduct investment business in New Zealand or any other jurisdiction.
No guarantee: Past performance information should not be relied upon as (and is not) a promise, representation, warranty or guarantee as to the past, present or future performance. NZME does not guarantee repayment of any capital or payment of any returns on capital invested in the investments referred to in the Data.
Missing data? All data comes from FE fundinfo. BusinessDesk can help you get your data loaded and updated. Email [email protected] for help.