Fears that KiwiSaver could swamp New Zealand’s small stock market are a long way from being realised, according to new research on the sector. Morningstar’s Sector Wrap, which shows Australian-invested funds didn’t have a great year, also shows that, while it is growing fast, KiwiSaver is far from being big enough to cause pricing distortions […]
Author Archives: admin
Bubbles could attract KiwiSaver fly-by-nighters
Market bubbles caused by low interest rates could see speculative KiwiSaver schemes set up to lure unwary investors, Tower Investments chief executive Sam Stubbs warns. At the Tower Investments quarterly media briefing today, Stubbs said governments were engaging in “financial repression” by keeping interest rates artificially low. While this tactic gave the governments more “headroom” […]
Budget changes hit KiwiSaver’s appeal
Term deposits and rental property remain the investment of choice for the majority of Kiwi’s, while Budget changes have dented KiwiSaver’s popularity, according to the latest ASB Investor Confidence Survey. kiwiSaver fell from 12% to 9% as the investment offering the best return, ranked behind term deposits, rental property and bank savings. “The changes to […]
Fidelity KiwiSaver fund hurt by market volatility
One of Fidelity Life’s KiwiSaver funds is being buffeted by the same global financial forces which forced the liquidation of the $75 million NZDX-listed Fidelity Capital Guaranteed bonds last week. Fidelity’s options KiwiSaver fund uses the same strategy which includes writing put and call options on New Zealand, Australian and US government bonds. Its […]