InvestNow News – 18th September – Harbour Asset Management – Negative cash rates – The afterburner for asset prices

Article written by Hamish Pepper & Andrew Bascand, Harbour Asset Management – 11th September 2020

• The RBNZ’s stated preference for a negative OCR, should further stimulus be required, has encouraged the New Zealand market to expect negative wholesale cash interest rates next year
• This forward guidance on the potential for negative rates has led to large declines in retail interest rates and is […]
  

InvestNow News – 18th September – Milford – Insurance meets Global Warming

Article written by David Rigby, Milford – 9th September 2020

Airlines. Oil & Gas. Car manufacturing. Agriculture. Viticulture. Cement and Steel production. Even Bitcoin mining. The list of industries that most people now know either significantly impact or are impacted by global warming is long and growing. But another industry that belongs on this list may come as a bit of a surprise: Insurance.

Apart from a desire to be good corporate […]

InvestNow News – 18th September – Milford – The Buy-Now-Pay-Later phenomenon – what’s driving the industry?

Article written by Roland Houghton, Milford – 26th August 2020

The Buy-Now-Pay-Later segment has truly taken the world by storm. It is incredibly impressive to think two Aussies were responsible for what has been a massive shift in consumption habits globally and that the majority of BNPL companies are listed on the ASX. It is highly likely that you have come across one of the many providers […]

InvestNow News – 18th September – Milford – Reporting season debrief – property companies

Article written by Roland Houghton, Milford – 3rd September 2020

With reporting season behind us we can review the impacts COVID-19 is having on various sectors. Property companies which for the large part rely on collecting rents from tenants have been particularly interesting given the lockdown essentially forcing the closure of stores and the emptying of a range of these assets.

Rent collections have been the key focus this reporting […]

InvestNow News – 18th September – Fisher Funds – AMAZON – Looking through a long-term lens

Article written by Harry Smith, Fisher Funds – 17th September 2020

Amazon is one of the rare companies that meets all three of our investment criteria. It has a wide economic moat, long-term focused management, and a very long runway for growth. We believe Amazon is in pole position in both e-commerce and cloud computing – two industries that are still in the early stages of growth.

History […]

InvestNow News – 18th September – Fisher Funds – MAKE YOUR MONEY WORK HARDER – Generating wealth in a low interest world

Article written by Cath Lomax, Fisher Funds – 17th September 2020

This year has been a year of firsts. In the financial world the latest to make it to the list of firsts was our historically low Official Cash Rate (OCR) which hit a new low in March this year. With interest rates at record lows, what can investors do to […]

InvestNow News – 11th September – Salt Funds Management – Salt Long Short Fund Fact Sheet – August 2020

Article written by Matthew Goodson, Salt Funds Management – 4th September 2020

After several strong months, the Fund gave some performance back in August with a return of -1.81%. While several of our key stock calls delivered good results, some of our previous winners retraced a little and our generally low beta longs struggled to keep up with what was a buoyant albeit volatile […]

InvestNow News – 11th September – India Avenue – Supermarket Retailing, a mature Industry…. but not everywhere

Article written by India Avenue – 2020

In New Zealand, the Supermarket retailing industry is forecast to grow at 1.9% over the next five years. That growth rate highlights the saturation level of the industry, with profit growth more likely to come from a better online presence and increasing efficiency of floor space rather than roll-out of stores. New Zealand’s leading Supermarket retailer with 53% market […]

InvestNow News – 11th September – Salt Funds Management – August performance update for the Salt Dividend & Property Funds

Article written by Roger Clayton, Salt Funds Management – 10th September 2020

The S&P/NZX50 Gross Index added a further +1.8% taking the year to date return to +3.9%. Top performers included Vista (+43%) Vector (+15%) and Chorus (+14%), whilst Sanford (-11%), a2 Milk (-11%) and Synlait (-8%) underperformed. The Fund moderately underperformed the benchmark in the month of August, rising by +1.06% compared to the […]

InvestNow News – 11th September – ANZ Investments – The Weekly Snapshot – 7 September

Article written by ANZ – 7th September 2020

US equity markets saw their first weekly losses since July after a late-week sell-off saw the NASDAQ 100 end the week more than 3% lower and the S&P 500 off around 2%. Both indices had made record-highs on Wednesday before the sharp turnaround.

In New Zealand, equities also struggled with the NZX 50 ending down more than 2%, while in Australia, […]