News
0 Diversity helps increase Ngai Tahu’s $1.2 billion asset base

Ngai Tahu has $1.2 billion worth of assets invested in property, seafood, farming and tourism which contribute $302 million to tribal programmes and make it a major financial force in the South Island economy.

Ngai Tahu Holdings chief financial officer Allan Hickford explains the company’s approach to safeguarding and growing that asset base. Hickford will be speaking at this year’s CFO Summit & Awards which are being held in Auckland in March.

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0 Brian Gaynor: Focus on the short term costs KiwiSavers billions

An analysis of the latest electricity and KiwiSaver transfer statistics confirms that New Zealanders have a short-term attitude to money.

We transfer from one electricity provider to another to save a few hundred dollars, but we stick with low-risk KiwiSaver funds even though this may cost us tens of thousands of dollars in the longer term.

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0 NZ Super Fund earned $2 billion in 2015

The NZ Super Fund earned $2 billion on its investments in 2015.

That represented a 6.5 per cent return on the fund, which was set up by Labour to help pre-fund New Zealand’s future pension needs as a buffer against the ageing population.

The fund is 65 per cent invested in global shares as it has a long-term investment horizon in the hopes of a higher long-term return.

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0 New KiwiSaver products are likely this year: Morningstar

New KiwiSaver products are likely in the market this year as providers have largely dealt with increased regulatory and licensing demands that tied up their resources in 2015, says investment research firm Morningstar.

The firm’s latest KiwiSaver survey for the December quarter 2015 said no new KiwiSaver funds were added during the quarter and there had been a lull in new products brought to market last year as providers focused their efforts on the additional regulatory burden imposed by the Financial Markets Conduct Act.

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0 NZVIF invests in new venture capital micro fund

The New Zealand Venture Investment Fund (NZVIF) is ploughing $11 million into a new New Zealand-Taiwan joint venture capital fund, the Global from Day One Fund 11.

NZVIF will be a cornerstone investor in the technology-focused, 10-year fund, which has raised more than $30 million including $11 million respectively from NZVIF and its Taiwan counterpart, the National Development Fund. It is targeting a total of $45 million.

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