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News Archive 2010 - 2008 

December 2010

Fri, 31 Dec 2010
Market Movements as at 31 December 2010   Read more »

Changing Fortunes Ahead for the Kiwi Dollar

Wed, 01 Dec 2010
Reweighting tactical “tilts” back to neutral strategic asset allocation positions completed   Read more »

A time for neutral position-taking

Wed, 01 Dec 2010
Reweighting is underway to scale tactical “tilts” back to neutral strategic asset allocation positions   Read more »

Alternatives tough out Ireland's demise

Wed, 01 Dec 2010
Many commodities rose strongly despite fears surrounding Ireland‟s financial crisis   Read more »

Commodities soar on improved economic expectations

Wed, 01 Dec 2010
Commodities surged on better economic outlook and revival of risk appetite in investment markets   Read more »

Risk appetite returns to equity markets

Wed, 01 Dec 2010
“QE2” started to boost equities over the quarter   Read more »

Markets slide in November

Wed, 01 Dec 2010
Good US economic news continued to emerge   Read more »

New Zealand shares rack up solid quarter

Wed, 01 Dec 2010
The market surged during the December quarter   Read more »

Weighing up where the value lies in the markets

Wed, 01 Dec 2010
This is my first investment note to you since my appointment as Chief Investment Officer - in addition to my role as Chief Executive Officer - of TOWER Investments.   Read more »

Sovereign bond market sold down

Wed, 01 Dec 2010
The Reserve Bank of New Zealand signalled that there would not likely be interest rate hikes until mid- 2011   Read more »

Market Opportunities turn the good into the great

Wed, 01 Dec 2010
Substantial commercial property transactions were a feature of the quarter   Read more »

November 2010

Tue, 30 Nov 2010
Market Movements as at 30 November 2010   Read more »

Did you know...

Mon, 01 Nov 2010
...you can switch your TOWER KiwiSaver Scheme investment fund choice online, free of charge? This online service makes it easy to change your investment fund to one that best fits your saving objecti...   Read more »

Is Investment Risk a Bad Thing?

Mon, 01 Nov 2010
What is your personal attitude towards taking investment risk as a TOWER KiwiSaver Scheme Member? How risky do you think your TOWER KiwiSaver Scheme investment fund is? Answers to these kinds of que...   Read more »

Portrait of a TOWER KiwiSaver Scheme Investment Fund

Mon, 01 Nov 2010
The TOWER KiwiSaver Scheme Balanced Fund has proven to be the most popular choice within the range of opt-in funds. The Fund is a “mid-point” investment fund within the TOWER KiwiSaver Scheme’s opt-i...   Read more »

Why it's wise to invest your KiwiSaver Savings with TOWER Investments

Mon, 01 Nov 2010
There are real benefits to investing your KiwiSaver savings with TOWER, an organisation that has stood the test of time and proven to be dependable, reliable and trustworthy for more than 140 years.   Read more »

Slowing economy weighs on local market

Mon, 01 Nov 2010
Economic data pointed towards a slowing domestic economy   Read more »

TOWER's Asset Management Team

Mon, 01 Nov 2010
TOWER Asset Management‟s team has some new faces on board and recently relocated from Wellington to Auckland.   Read more »

Bond slump as yield curve steepens

Mon, 01 Nov 2010
Standard & Poor's downgraded New Zealand‟s credit rating   Read more »

Property returns back in the black

Mon, 01 Nov 2010
The New Zealand commercial property market had a positive year to the end of September   Read more »

October 2010

Sun, 31 Oct 2010
Market movements as at 31 October 2010   Read more »

Markets enthuse over US quantitative easing

Fri, 01 Oct 2010
Risk appetite returned to markets on anticipation the US Federal Reserve would recommence quantitative easing (dubbed “QE2”)   Read more »

Risky assets benefit from the Fed’s planned largesse

Fri, 01 Oct 2010
Expectations of quantitative easing by the US Federal Reserve boosted alternative investments   Read more »

October bullish for international equities

Fri, 01 Oct 2010
International sharemarkets rose in October with the exception of Japan’s   Read more »

Australian shares rise over October

Fri, 01 Oct 2010
Resources stocks rebounded   Read more »

Corporate recovery to mid cycle levels further pushed out

Fri, 01 Oct 2010
The local market rallied in line with international trends   Read more »

Property management fees a bone of contention

Fri, 01 Oct 2010
At issue is the potential conflict of interest between property managers maximising their fee revenues versus maximising investment returns to clients   Read more »

Bonds boom tapers off

Fri, 01 Oct 2010
Bond yield trends flattened over October in anticipation of US quantitative easing   Read more »

Bayfair Shopping Centre officially launches $15 million refurbishment

Fri, 01 Oct 2010
The Bayfair Shopping Centre has been upgraded with new stores and facilities   Read more »

September 2010

Thu, 30 Sep 2010
Market movements as at 30 September 2010   Read more »

Markets bungy jump over the September quarter

Wed, 01 Sep 2010
Markets bounced between “risk on” and “risk off” over the quarter   Read more »

Alternatives end up for the September quarter

Wed, 01 Sep 2010
Commodities and hedge fund strategies mostly finished in the black   Read more »

The Lucky Country looks up

Wed, 01 Sep 2010
Australia’s characteristic optimism returned to the sharemarket   Read more »

Investor return to optimism

Wed, 01 Sep 2010
International equity markets ended the September quarter on an upbeat note   Read more »

Companies deliver results but outlook clouded

Wed, 01 Sep 2010
Economic indicators weakened   Read more »

IMF predicts higher commodity prices ahead

Wed, 01 Sep 2010
Economic recovery is likely to lead to increases in commodity prices.   Read more »

Bond yields stick at low levels

Wed, 01 Sep 2010
Bond yields rallied over the September quarter but stalled in the last month   Read more »

Slowing economy crimps retailers' prospects

Wed, 01 Sep 2010
Consumer spending outlook is constrained   Read more »

August 2010

Tue, 31 Aug 2010
Market movements as at 31 August 2010   Read more »

Risk assets shunned in August

Sun, 01 Aug 2010
Risky assets again came under pressure due to uncertain economic outlook   Read more »

Alternatives struggle to hold ground over August

Sun, 01 Aug 2010
Energy commodities slumped   Read more »

Sharemarket shrugs off hung Parliament

Sun, 01 Aug 2010
Political uncertainty overshadowed Australia’s market   Read more »

Mixed messages buffet equity markets

Sun, 01 Aug 2010
US economic statistics indicated a poor prognosis for growth recovery   Read more »

Market flatlines in August

Sun, 01 Aug 2010
GoverLocal market performance tracked sideways   Read more »

Will the US economy "do a Japan"?

Sun, 01 Aug 2010
Government authorities are increasingly relied upon when forming investment strategy   Read more »

Fear factor compresses bond yields

Sun, 01 Aug 2010
New Zealand's weakening economic outlook pushed out expectations of interest rate rises further into the future   Read more »

Public sector props up troubled contruction industry

Sun, 01 Aug 2010
Non-residential building works have fallen 21% in the past year   Read more »

July 2010

Sat, 31 Jul 2010
Market Movements as at 31 July 2010   Read more »

Market mood picks up despite discouraging economic signs

Thu, 01 Jul 2010
The New Zealand equity market shrugged off a three-month losing streak   Read more »

Did you know...

Thu, 01 Jul 2010
You can switch your TOWER KiwiSaver Scheme fund online, free of charge.   Read more »

Are you in the right TOWER KiwiSaver Scheme fund?

Thu, 01 Jul 2010
At TOWER we think it’s important to do all we can to help you, as a valued member of the TOWER KiwiSaver Scheme, to choose a KiwiSaver fund that best fits your needs.   Read more »

Portrait of a TOWER KiwiSaver Scheme Fund

Thu, 01 Jul 2010
TOWER’s default fund – what is it? TOWER is one of only six default KiwiSaver scheme providers.   Read more »

Welcome to the TOWER KiwiSaver Scheme Quarterly

Thu, 01 Jul 2010
Welcome to our new quarterly publication for TOWER KiwiSaver Scheme members, and congratulations on investing with TOWER.   Read more »

Optimism reappears in markets

Thu, 01 Jul 2010
A mood of optimism prevailed despite serious problems persisting unaddressed across economies   Read more »

Commodities jump and hedge funds hop on return of risk appetite

Thu, 01 Jul 2010
Generally higher prices for globally traded commodities   Read more »

Equity markets accentuate the positive

Thu, 01 Jul 2010
The June quarter ended with markets highly risk averse   Read more »

Australian equities bounce back

Thu, 01 Jul 2010
The equity market surged on light volumes   Read more »

Weakening New Zealand equities market underscores value investment proposition

Thu, 01 Jul 2010
A sharp sell-off in New Zealand equities has improved valuation measures.   Read more »

RBNZ ratchets up its “exit strategy”

Thu, 01 Jul 2010
The Reserve Bank of New Zealand continued its “exit strategy” from very low official cash rates   Read more »

Cost consciousness hits green building sector

Thu, 01 Jul 2010
Green buildings have fallen out of vogue   Read more »

June 2010

Wed, 30 Jun 2010
Market Movements as at 30 June 2010   Read more »

Asset Allocation and Currency: Under the cosh

Tue, 01 Jun 2010
A slew of negative news for the markets dominated the June quarter   Read more »

June quarter ends flat for alternative investments

Tue, 01 Jun 2010
Fears over economic outlook and rising risk aversion in financial markets dominated performances by commodities and hedge funds   Read more »

Global Equities: June quarter a downer for international stockmarkets

Tue, 01 Jun 2010
The June quarter ended with markets highly risk averse   Read more »

Australian Equities: Losing streak extended over the ditch

Tue, 01 Jun 2010
International economic concerns pushed the Australian market down over the quarter   Read more »

Domestic news overwhelmed by international worries

Tue, 01 Jun 2010
Overseas outlook darkened over concerns about economic growth prospects in major economies   Read more »

The mysterious case of vanishing depreciation

Tue, 01 Jun 2010
In the May Budget the government effectively abolished property depreciation tax allowances.   Read more »

Fears foster bond market rally

Tue, 01 Jun 2010
The Reserve Bank of New Zealand formally kicked off its “exit strategy” by hiking the official cash rate   Read more »

Property fund management structures come under increased scrutiny

Tue, 01 Jun 2010
Externalised property fund management contracts falling from favour   Read more »

May 2010

Mon, 31 May 2010
Market Movements as at 31 May 2010   Read more »

Sam Stubbs talks KiwiSaver Trends Insights on where the KiwiSaver market is headed

Sat, 01 May 2010
TOWER Investments CEO Sam Stubbs discusses trends emerging in the KiwiSaver market. An expert on the managed funds industry, Sam has recently been appointed to the government’s advisory International ...   Read more »

May 2010

Sat, 01 May 2010
Individual problems confronting markets were serious but their combination together was much worse   Read more »

Alternative investments routed in May

Sat, 01 May 2010
Commodities return of risk aversion overwhelmed alternative investments   Read more »

Tide turns against Ozzie shares

Sat, 01 May 2010
The Australian sharemarket was hit across all industrial sectors in May   Read more »

Ghost of global financial crisis haunts markets

Sat, 01 May 2010
Fears of a return of the global financial crisis re-emerged   Read more »

Reporting season results reflect tentative economic recovery

Sat, 01 May 2010
New Zealand sharemarket caught in European crisis downdraft   Read more »

Biofuel demand underpins agricultural commodities outlook

Sat, 01 May 2010
Agricultural commodities are expected to undergo a long term bull market.   Read more »

European crisis drives headlong stampede to sovereign debt

Sat, 01 May 2010
New Zealand’s money markets steeled themselves for increase in the official cash rate   Read more »

Budget’s looming depreciation changes overshadow property investment

Sat, 01 May 2010
Budget 2010 impacts taxation on property   Read more »

April 2010

Fri, 30 Apr 2010
Market Movements as at 31 April 2010   Read more »

Percentage growth rates for KiwiSaver membership show rising trend over March quarter

Thu, 01 Apr 2010
Monthly percentage growth rates for KiwiSaver membership categories show rising trends for the first quarter of 2010, according to research by default KiwiSaver provider TOWER Investments.   Read more »

Markets Slide in Greece

Thu, 01 Apr 2010
Risk appetite started out robustly but was overshadowed by the Greek fiscal crisis   Read more »

Hedge funds extend their good run

Thu, 01 Apr 2010
Commodities generally finished higher in April   Read more »

Positive economic fundamentals obscured by eurozone ructions

Thu, 01 Apr 2010
Markets surrendered gains on fears over Greece   Read more »

Australian stocks suffer from Chinese burns

Thu, 01 Apr 2010
April was a slightly negative month for Australian equities   Read more »

New Zealand sharemarket picks up pace

Thu, 01 Apr 2010
Positive reports on US corporate revenues boosted the market   Read more »

Value investing opportunity opens up in the New Zealand sharemarket

Thu, 01 Apr 2010
Current corporate earnings are tracking at depressed levels versus longer-term trend levels   Read more »

Flight to safety rallies bond markets

Thu, 01 Apr 2010
A two-speed market was evident in New Zealand fixed interest with short-term yields rising and longer-term yields falling   Read more »

Write-downs hit investment property sector

Thu, 01 Apr 2010
Most New Zealand property funds have written down the value of their assets   Read more »

Offer To Shareholders of TOWER Australia

Fri, 04 May 2007
On Friday 4 May New Zealand investors in TOWER Australia received a letter from Colonial Capital Limited   Read more »

TOWER selected as default KiwiSaver provider

Mon, 02 Apr 2007
TOWER is delighted to have been confirmed by Finance Minister Michael Cullen and Commerce Minister Lianne Dalziel as a default KiwiSaver provider this morning.   Read more »