NZSA Disclaimer There have been some interesting changes in relativity between some of New Zealand’s best known Growth funds over recent weeks. Growth funds, whether KiwiSaver or retail managed funds, are a staple diet for many long-term investors. Often, movements in fund unit prices are similar – unsurprising in the context of a typical growth…
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NZSA Disclaimer It has been a tough post-Covid reality check for the New Zealand economy, an underlying theme that is reflected in the performance of many of our consumer-facing listed companies. Many local companies remembered the difficulty they had in attracting staff in earlier periods during periods of economic benevolence, following cutbacks made during economic…
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NZSA Disclaimer Last week’s NZSA panel discussion featuring Dean Anderson (from Kernel Wealth) and Greg Smith (from Generate), facilitated by NZSA CEO Oliver Mander, offered a timely and candid examination of New Zealand’s retirement savings framework. The conversation ranged from policy design and political risk through to investor behaviour and the emerging challenge of decumulation.…
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NZSA Disclaimer The ASX is often seen as a happy hunting ground for New Zealanders looking to broaden their investments. It offers a plethora of exchange traded funds, but is perhaps better known for the exposure it provides to the mining and banking sector. It’s why most Kiwi investors should be really interested in the…
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NZSA Disclaimer Since KiwiSaver’s launch in 2007, the national conversation has been focused almost entirely on savings accumulation. Join. Contribute. Stay the course. But for a growing number of New Zealanders, that chapter is closing. The question is no longer simply “Are we saving enough?” It is increasingly “How do we spend well?” This is…
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NZSA Disclaimer This morning, the market woke to news of a $525m capital raise from Contact Energy, as well as the company’s 1H26 financial report. The raise comprises a $450m underwritten institutional placement and a $75m share purchase plan (SPP) targeting retail shareholders. The company has reserved the right to accept oversubscriptions for the SPP.…
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NZSA Disclaimer KiwiSaver is approaching its 20th birthday. That’s worth celebrating. It’s also been tweaked a lot, with roughly thirty small to meaningful changes so far. Think KiwiSaver 1.0, then 1.1, 1.2, and so on. More one-off tweaks are now being proposed by politicians. But at 20 years old, KiwiSaver doesn’t need another tweak. It needs…
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NZSA Disclaimer This is Part 1 of a two part story, focused on the potential for a step-change in KiwiSaver following the Government announcement on November 23rd. This commentary focuses on some of the key questions and trade-offs that could be raised as the proposal is tested in the 2026 election. Part 2 (in the…
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NZSA Disclaimer Opinion: Employee Ownership Pays the Price of Private Equity Playbook Oliver Mander, CEO, NZ Shareholders Association In the world of corporate governance, we often speak of alignment between directors, shareholders and management. The natural tensions between that trinity represent a balancing act of key financial concepts – such as risk versus reward, or…
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NZSA Disclaimer It’s hard to believe KiwiSaver is now old enough to vote. Having just turned 18, it’s moving beyond its “teenage” years into something resembling financial adulthood. July 2007 seems like such a long time ago. And like any young adult, it’s showing signs of independence and maturity. From $28.5 billion spread across 2.5m…
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