Fund manager report canned
NEW Zealand fund managers can stop holding their breath waiting for the Securities Commission’s report on practices within their industry — it has officially been canned.
Outgoing Securities Commission chief executive John Farrell has confirmed the commission has ditched the report on fund management practices it has been working on for two years.
Farrell says the commission decided not to proceed because the amount of information gathered was too big to draw together on the commission’s resources, and some of the information was now out of date.
He says the commission has no plans to promote the idea of regulation of fund managers.
—Philip Macalister
Recommended for you
Global X has painted a worrying picture for active ETFs in Australia, with investor adoption proving uneven and the popularity of its low-cost index counterparts only growing stronger.
Australian equity ETFs attracted record inflows of $3.2 billion in 1Q25, while heightened volatility led to a decline in flows for global equity ETFs, according to Vanguard.
The failure of a clinical trial by biotech firm Opthea has caused shares in its backer Regal Partners to decline 52 per cent year-to-date and hit its funds under management, quarterly flows show.
GQG Partners has revealed its quarterly flows for the first three months of 2025 were up 5.8 per cent, after a difficult final quarter of 2024 as a result of institutional redemptions.
