InvestNow News – 26th June – AMP Capital – How’s the NZ economy looking? Here are our latest thoughts

19th June 2020 – Bevan Graham – Managing Director and Chief Economist, AMP Capital New Zealand

Key Points

• Unemployment rate heading higher and consumers more cautious
• Inflation rate heading lower in the near term
• RBNZ turns to quantitative easing
• Public debt to head to over 50% of GDP
• Spending needs to be directed at long-term goals

New Zealand’s current recession is unique. It was on […]

InvestNow News – 26th June – India Avenue – Invitation to Investment Briefing – India Avenue Update – 3rd July 2020

We are pleased to invite you to the latest investment briefing on India and in conjunction with India Avenue.

In this update, India Avenue Managing Director Mugunthan Siva will discuss how the COVID-19 pandemic is impacting India, review the implications for the India economy and equity markets and update you on the performance and positioning of the India Avenue Equity Fund.

The update will […]

InvestNow News – 26th June – India Avenue – Thematic Opportunities Arising in India

COVID-19 has impacted lives, livelihoods, and economic growth in almost every country. India, given its significant and dense population, is deeply impacted as seen by its 500,000 recorded infections and 15,000 deaths. It is likely that economic recovery is likely to be slow and measured as most of the stimulus so far has been directed towards the supply-side rather than demand. Businesses are struggling to cope with where to […]

InvestNow News – 26th June – Russell Investments – Global Market Outlook: Q3 Update – The Great Reopening

Well, that was historic. The fastest 30% drawdown in the history of global equities in the first quarter followed by the largest 50-day advance in market history in the second quarter.  The rebound has been helped by oversold investor sentiment, but with sentiment back to neutral, so too is our strategists’ market outlook.

In our latest Global Market Outlook we examine how the ‘Great Reopening’ will […]

InvestNow News – 19th June – Legg Mason – Social and Economic Consequences Emanating from the Coronavirus

15 June 2020 – Patrick Bradley – Senior Vice President, Investment Research

Introduction

There’s nothing prophetic about saying the coronavirus will change the way we live and conduct business. Unemployment will rise, and some of that increase will create permanent joblessness. Some businesses will fail, despite the efforts of monetary authorities and governments to replace the income lost and to stem the spread of the virus. We have […]

InvestNow News – 19th June – Milford – What does a Trans-Tasman bubble mean for NZ?

Michael Luke – Investment Analyst – May 18, 2020

The COVID-19 pandemic has had a significant impact on economies across the globe. One of the sectors most impacted has been tourism. Not many companies can endure revenues being cut to zero for an extended period, regardless of risk management. Without the government wage subsidy, a lot of our tourism companies (which are predominantly small businesses), would have shut […]

InvestNow News – 19th June – Milford – What’s behind this market sell-off?

June 12 – William Curtayne – Portfolio Manager

The US major equity indices were off over 5% today in largest daily fall since March. The question on everyone minds is whether we are heading back to the lows or if this is a chance to buy.

Why has the market sold off?

News agencies and market commentators will be quick to point to some news event that has caused this move. But these moves […]

InvestNow News – 19th June – Morphic Performance Report – May 2020

Ethical Investing in Focus

During the month, The Australian Centre for Corporate Responsibility (ACCR) released a report that found that eight members of the Investor Group on Climate Change supported less than 50% of climate related proposals between 2017 and 2019. A number of funds also don’t release their voting records.

As both an active manager and an ethical investor, we believe your active shareholdings should be voted and where there is an […]

InvestNow News – 19th June – India Avenue Update – June 2020

The Indian market remains in a state of flux as the Government announced several fiscal measures and a total relief package of AU$400bn. However, most of it pertains to liquidity injections, loans and credit guarantees, while direct fiscal stimulus is quite limited compared to other nations. In our discussions with contacts on the ground however, the Government does not want expend all its ammunition in one go, giving them time to […]

InvestNow News – 19th June – ANZ Investments – Weekly Snapshot

Equity markets retreated from their recent highs last week, with US and European stock markets ending the week lower. The decline was highlighted by Thursday’s deep sell-off that saw the Dow Jones Industrial Average fall nearly 7%, its biggest daily decline since mid-March. For the week, the Dow and the S&P 500 fell around 5%, while in Europe, the Euro Stoxx fell by nearly 6%.

In New Zealand, losses were a little smaller, […]