Fund Manager News

The two most common questions we are asked about buying and selling managed funds are: How long does it take my buy or sell order to be completed? Do buy or sell spreads apply to the funds I am interested in? The answers to both questions differ for each fund/fund manager so we have created…

Effective 3rd April 2018, the AMP Capital NZ Property Fund (AIF P) is to be renamed the Australasian Property Index Fund and will start distributing income on a half-yearly basis. Please read the update from AMP Capital here for more background on these changes.

2019 PIE tax timeline Thursday 28 March: email sent advising the estimated PIE tax liability for all investors owing PIE tax Monday 1 April: last day to request a change in your PIR (Prescribed Investor Rate) Tuesday 9 April: once the last tax files have been received from each fund manager, another email will be…

We are getting closer to the end of the programme whereby we have established your InvestNow account and are ready to transfer the assets at, or around, March 31st.  Thanks to the thousands of you who have selected InvestNow as your preferred service provider for managing your investment portfolio! In early March we will be…

Deposits To deposit funds, all you need is to know is the bank account details for our custodian and the unique identifier for your account.  Having logged in, click on Quick Actions and then click Deposit funds.  A pop-up will appear, with the details you need to transfer money from your nominated account.  It's very important that…

You would have heard from us last week, with regards to Rabobank New Zealand’s decision to close and wind up the Cash Advantage Fund (CAF). Your options Option A – instruct us to redeem all your units in the CAF Option B – instruct us to facilitate a switch to the AMP Capital NZ Cash…

When you buy or sell managed funds with InvestNow, we will apply a number of statuses, reflecting the most recent action taken for each order: Pending Approval required Processing Completed Cancelled If you have ever wondered what each of the statuses mean, and the impact it has on when you will receive units/cash etc –…

Can I receive my Passcode as a text message (instead of an e-mail)? Yes you can, just follow these simple steps: Login to your InvestNow account. Click on the Profile icon – it’s the head and shoulders icon at the right hand end of the page. Click the “Edit” link alongside the “My details” option.…

AMP Capital strategy changes AMP Capital have advised us of the following changes in their investment strategies: AMP Capital Responsible Investment Leaders (RIL) Funds The international fixed interest component of the AMP RIL Funds (Conservative, Balanced and Growth) invest in the AMP Capital Global Fixed Interest Fund. This Fund is now closing and we are…

Managed funds orders go through a number of steps, with each one having a specific status. Here is what they are and what they each mean: Pending – you have placed an order and it is awaiting execution.  Orders are executed Monday to Friday, excluding national public holidays.  Whilst in the Pending status the order…

This year the world celebrated – if that’s the right word – the 10th anniversary of the global financial crisis (GFC), when market bears roamed wild. You can forget a lot in a decade, though, particularly as investment markets have been in an almost unending party mode since the immediate crisis was averted: the sky…

As the process for adding the new managers and funds, to include those currently offered by RaboDirect, is almost complete we have extended our range of funds to 78 funds from 15 managers. Check out our Range of Funds – you can filter the choices by Fund Manager, Sector, Fee Estimate & Fund Type.