Fund updates from our fund managers – September 2020
AMP Capital New Zealand – Income Generator Fund – Q3 2020
Milford – Australian Absolute Growth Fund
Milford – Diversified Income Fund
Article written by Pathfinder – 2020
Before moving onto our usual market commentary, we thought we would make a few comments on the NZ election result over the weekend in terms of market implications.
The centre-left Labour government will be unencumbered by coalition partners to implement its policy platform. While policy has been light in detail, priorities will be NZ$40bn infrastructure investment, funding for apprenticeships, trades and enterprise training, and a […]
Article written by Mike Taylor, Pie Funds – 15th October 2020
Global markets continue to perform despite the economic impact of Covid-19, writes Mike Taylor, CEO and founder of Pie Funds.
Global markets continue to be driven higher by the same themes. Record low interest rates (which is forcing investors out of cash in never-before-seen numbers), fiscal and monetary stimulus on an unprecedented scale, and […]
Commentary from George Carter, Director of Nikko AM – 2020
The quarter ending 30 September provided investors with strong returns across all sectors; however, this was largely driven by the uplift in prices throughout July and August with the month of September seeing a modest pull-back in equity markets. During the month, the Growth fund fell slightly due to its higher exposure to equity markets, whereas the Conservative and Balanced funds […]
2020 Annual ESG Manager Survey written by Russell Investments
Has environmental, social and governance (ESG) factors increased or decreased in importance? According to the results of Russell Investments’ annual asset manager survey, the volume has been turned up on responsible investing, ESG integration is now universally recognised as an important consideration when analysing investment opportunities. An increased number of firms are incorporating additional ESG […]
Article written by Ian Robertson, Milford – 24th September 2020
Market expectations for the Official Cash Rate (“OCR”) to go negative next year are increasing. The Reserve Bank of New Zealand (“RBNZ”) has suggested that this is a real possibility if further monetary policy support is required. Negative rates should provide scope for lower borrowing and saving rates, but the extent of this and its impact remain uncertain.
On cutting the OCR to […]
Article written by Stephanie Perrin, Milford – 30th September 2020
With the US share market up +45% since the lows in late March, and shares of companies like Amazon up +79% from the lows and +62% year-to-date, you would be forgiven for asking “what global pandemic?”.
It is clear that despite many industries being severely impacted by COVID-19, there are also many which have benefitted. E-commerce is one of these COVID-19 beneficiaries, […]
Article written by John Johnston, Milford – 15th October 2020
The economic crisis caused by the COVID-19 pandemic has been notable for a swift, coordinated reduction in wholesale funding rates by central banks worldwide. This reduction to historic lows has been largely passed on to retail and commercial borrowers, and further falls in interest rates are expected from here (in New Zealand, the Official Cash Rate […]
Article written by Elevation Capital – 15th October 2020
Article written by Roger Clayton, Salt Funds Management – 13th October 2020
In New Zealand, the S&P/NZX50G index fell -1% over the quarter but remains +5.9% year to date. A key detractor was heavy weight A2 Milk (-24%) on daiguo sales disruptions, dragging down Synlait (-23%) whilst Sanford fell (-9%) on a weak update. The key outperformers in the quarter were Summerset (+40%) on […]
