Nikko Asset Management New Zealand, the local subsidiary of the Japanese investment firm, said funds under management topped $4 billion for the first time as the country’s relatively high yields on offer in a low-interest-rate world attracted foreign investors. The local fund manager has increased its assets under management by 14 percent in the past 12 months, aided by the lure of …

Enprise Group, the accounting software reseller which debuted on the NZAX yesterday, narrowed its first-half loss as its Australian unit turned to a profit and it reduced costs. The Auckland-based company’s loss narrowed to $79,000 in the six months ended Sept. 30, from $110,000 in the same period a year earlier, it said. Sales slipped 3.1 percent to $3.4 million, while …

New Zealand commodity prices declined for the ninth consecutive month in November, to the lowest level since February last year, as milk powder prices fell to five-year lows. The ANZ Commodity Price Index dropped 1.6 percent to 286.3 last month, 12.4 percent lower than its reading the same month a year ago and the lowest for a November month since 2012. Skim …