Russell Investments has come out strongly in opposition to the investment tax changes Finance Minister Michael Cullen outlined in his recent budget.

The New Zealand Superannuation Fund has made its first commitment to a private equity fund since it began investing in September 2003.

Weekly Home Loan report: It’s been a bit of a one-way street with mortgage rates last week. The only changes have been decreases and all the changes have been in the longer term fixed rate area.

Co-regulation looking likely, Managed funds have a good month, NZX changes indicies, Special interest rate, NZX prepares for options and scam alert.

Christchurch

Dunedin

A stand-off is developing between the Reserve Bank and the markets. The bank wants to keep rates up, however they continue to fall.

The last time house prices rose this far in consecutive quarters was in the early 1970s. That cycle ended in tears. While it is less likely to happen this time around, the risk profile points down.

Fisher Funds buys Coronet Asset Management Limited (CAM) from The Equitable Group.