InvestNow News – 8th May – Milford – Frances Sweetman on the markets during COVID-19

Check out our own Frances Sweetman, Senior Analyst being interviewed on Rebuilding Paradise with Paul Henry on Three. The show runs Monday through Thursdays at 9.25pm and is available on demand at Threenow.co.nz. We are proud sponsors of the show. It’s focus is exploring what the future might look like for New Zealanders post COVID-19, and each night Paul interviews […]

InvestNow News – 8th May – Legg Mason – Emerging Markets – Hit Me One More Time

27 April 2020 – Carol Lye, Associate Portfolio Manager / Senior Research Analyst

A black swan virus shock brought the world to its knees—dealing a particularly acute blow to emerging markets.

It was only a year ago that emerging markets recovered from the previous Federal Reserve (Fed) tightening and trade war crises. Britney Spears’s …Baby One More Time seems like an apt description for the series of shocks […]

InvestNow News – 8th May – AMP Capital – Responsible Investing Update Q1 2020

Engagement update

In the first quarter of 2020, the world’s strong focus on ESG (climate change and the environment in particular) has, along with almost everything else, taken a backseat due to the immediate threat and fight against the COVID-19 health crisis and its economic and social impacts. However, this does not mean ESG has lost its relevance and urgency for long-term investors such as us. Resilient business models with […]

InvestNow News – 8th May – AMP Capital – Market Watch – May 2020

Greg Fleming – Head of Investment Strategy

After a very weak period for markets some confidence has returned with a sharp but partial rebound across growth assets during April. Greg discusses the unprecedented government and central bank action that has underpinned the recovery, but it’s too early to say the worst is over and with poor economic data still to flow through.

InvestNow News – 8th May – Devon Funds – Monthly Investor Report April 2020

What a month it was

The strength of the recovery in equity markets over the past 5-weeks has been extraordinary. In fact, for the US S&P500, April was the strongest month of returns since January 1987. This has occurred at a time when governments, central banks and businesses are navigating the myriad of challenges associated with COVID-19, and yet investors have essentially been looking through the short-term economic uncertainty and […]

InvestNow News – 8th May – Harbour – Will RBNZ QE help bridge the gap and how does it work?

Hamish Pepper – May 6, 2020

What is the Reserve Bank of New Zealand’s (RBNZ’s) Quantitative Easing (QE) programme?

After cutting the Official Cash Rate (OCR) by 75bp to 0.25% on March 16th, the RBNZ launched its Large Scale Asset Purchase (LSAP), or QE programme, just one week later.  LSAP has a target to buy $30bn of government bonds over the next year; equivalent to […]

InvestNow News – 8th May – Salt Long Short Fund Fact Sheet – April 2020

The Fund experienced a sharp rebound in the month of April, with a return of +4.35%.

Pleasingly, this did not occur from simply taking on risk to chase the bounce in markets. We performed strongly on those days in the month when markets fell sharply.

We question whether April’s liquidity driven move in markets can be sustained and we have positioned the Fund accordingly, with net length generally being in […]

InvestNow News – 8th May – Russell Investments – Live webinars: Update – Global Bonds and Global Equity

We invite you to join our live webinars.  During these calls our portfolio managers will:

• Discuss the performance of global markets and the current outlook.
• Outline the current positioning of the funds.
• Provide insight into the views of the underlying managers in these funds.
• You will have opportunity to ask questions via the webinar.

These sessions will be moderated by Alister Van der Maas.

Global equity update

Jon […]

InvestNow News – 8th May – Mint Portfolio Returns & Commentaries – May 2020

Market overview

Global equities have risen by 28% since their March lows, and are now only 13% below their start of year levels. In April, the NZX50 rose 7.5%, ASX200 8.8%, the US S&P500 12.8% and the MSCI World index 10.9%. This despite a sudden and steep decline in economic activity. In the US, quarter on quarter GDP shrank by 4.8% (annualised) for Q1. Consensus forecasts imply a 30% fall […]

InvestNow News – 8th May – Nikko AM – Nikko AM Commentary – Lockdown Lockdown

5th Amy – George Carter – Managing Director

The Government’s stimulus measures may have brought our economic engine spluttering back to life, but with economies not equipped to stop and start on demand, it’s time for us to collectively drop the clutch and press the accelerator to get it firing again. Ahead of this week’s market update, Nikko AM NZ’s MD, George Carter examines how we can go from 0 […]