Wellington

Tactical asset allocation just doesn’t work. That is the message two actuarial and advisory groups are putting out this year.

Christchurch

The Official Cash Rate (OCR) will remain unchanged at 7.25%

Invercargill

AMP Capital has lost its chief investment officer, Tore Hayward, who is following his predecessor Paul Dyer to the New Zealand Superannuation Fund.

Dunedin

Weekly home loan report: Competition and more competition – that’s the current theme as lenders cut their fixed rates to attract borrowers as floating rates look like being stable for a while.

Although the economy is destined for a slow-down of unknown magnitude investors are confident that they will be able to generate good investment returns.

Enter the Stock Guru sharemarket game to win cash prizes. S&P gives the Global Masters Fund the thumbs down. Investors confidence up, OCR likely to stay the same. Eleventh OM-IP fund coming. St Laurence to accept over subscriptions.

The surprise story of the week for me was undoubtedly today’s one about Arcus outsourcing some of its New Zealand shares management to Milford Asset Management.

UPDATED STORY: Arcus Investment Management has appointed Milford Asset Management to manage a portfolio of New Zealand shares.