InvestNow News – 19th June – Antipodes – Investing in the wake of a pandemic

17 June 2020 – Jacob Mitchell, Chief Investment Officer and Lead Portfolio Manager

We’ve witnessed dramatic fiscal and monetary responses to the COVID-19 pandemic by governments across the world. Now we must look at how that stimulus is likely to evolve and consider the longer-term outlook for stock markets in this context.

From an investment perspective, we can broadly view the evolution of the pandemic in three stages:

• Income […]
  

InvestNow News – 19th June – Nikko AM – What purpose do financial markets serve?

2nd June – Andrew Hunt International Economist

In many countries around the World, workers are now being at least partially paid by the state and government guaranteed loans are being provided to companies that the credit markets would otherwise not lend to, given the credit risks involved and low yields on offer. Admittedly, the system is working better in some countries than others – China’s banks are clearly […]

InvestNow News – 19th June – Nikko AM – May 2020 Investment Update

We noted last month that across all financial markets there had been a surge in returns as markets priced in the upsides from the world moving out of the COVID-19 lockdowns (both physical and economic). This momentum continued throughout May, and albeit at lesser levels than April, investors still enjoyed strong returns for the month. The New Zealand equity market rose more than 3% during the month and there was […]

InvestNow News – 19th June – Devon Funds – Invitation to Webinar – Devon Funds Update – 2 July 2020

We are pleased to invite you to the latest investment update from Devon Funds.

In this webinar, Devon Portfolio Manager’s Slade Robertson and Mark Brown will discuss what’s been happening in local and global markets and economies and the implications for local equities, and provide an update on Devon’s Australasian equity strategies including the Alpha and Dividend Yield Funds.

This Webinar will be held at […]

InvestNow News – 19th June – Pie Funds – Investor Update Video – Investing in Tech

Today we were joined by Mark Devcich and we covered off these questions:

1. Why is the stock market not the economy?
2. Are we continuing the active stock picking approach?
3. Are the funds continuing to favour tech stocks?
4. What excites us about the share market going forward?

InvestNow News – 12th June – Russell Investments – Live Webinar Series – NZ Investment Forum 2020

We are pleased to invite you to the rescheduled Russell Investments Forum 2020. The way forward – Investment strategy in a changed world will cover a range of topics that we hope will help you to address the fundamental investment questions of the day. The event will feature a wide range of engaging speakers including representatives from the New Zealand Initiative, Morrison & Co., Pencarrow Private Equity, Harbour […]

InvestNow News – 12th June – Salt Long Short Fund Fact Sheet – May 2020

The Fund experienced another solid month in May with a return of +1.80%. This performance came despite sizeable levels of hedging via our high beta, highly-priced short book and several of our key longs being relatively moribund.

We are sceptical of the sharp market rally in recent weeks given it appears to be dependent on an enormous infusion of monetary and fiscal stimulus which will need to taper at […]

InvestNow News – 12th June – Mint – Portfolio Returns & Commentaries – May 2020

Market overview

Ongoing fiscal and monetary stimulus around the world, and easing of lockdown measures helped global markets rally further in May. The Japanese Nikkei led the way +8.3%, with strong performances across the USA and Europe as well. The MSCI World index rose 4.8%. The NZX50 rose 3.3% and the ASX200 4.4%. Commodity prices rose as well led by Iron Ore, Oil and Gold. Global bond yields remained […]

InvestNow News – 12th June – Harbour – Beating expectations

Jun 9, 2020

Key points

• Equities continued to bounce back with the S&P/NZX 50 returning 3.3%, S&P/ASX 200 (in AUD) up 4.4% and the MSCI ACWI Index up 4.1%.
• Government bond yields settled in a low range, as the Reserve Bank’s bond buying (QE) programme offset the pressure that would otherwise have come from increased issuance.
• Australian and New Zealand earnings season so far, on balance, has delivered more upside than downside surprises relative […]
  

InvestNow News – 12th June – QuayStreet – In stormy conditions experience counts

17 April 2020

‘Don’t panic’ has been the Government’s catch-cry when it comes to supermarket shopping, and the same motto should apply to investment despite the havoc being wreaked on financial markets by the COVID-19 pandemic.

Investment Manager for QuayStreet Asset Management, Andrew South says that if investors are in a fund with the right level of risk for the long haul, then switching in a panic could mean that they act […]