7th Nov 2019 – Mark Devcich, Chief Investment Officer

October saw stronger global markets, and weaker domestic markets in Australia and NZ. The NZX50 had a rare month of negative returns falling 1.3%. Power utilities’ share-prices suffered from Rio Tinto’s decision to announce a strategic review of the future of NZ Aluminium Smelters which caused jitters […]

8th Nov 2019

Key points

• Global equities outperformed bonds in October as trade risks abated, US earnings impressed and central bank easing supported sentiment.
• The economic outlook for Australasia improved and the associated higher interest rates reduced the value of fixed income assets. Equities underperformed their global counterparts due to sectoral weakness in electricity, banking […]
  

Harry Smith – Senior Investment Analyst – 30 October, 2019

Last month I was on the road. Visiting management of portfolio companies, meeting their key competitors and searching for new investment ideas. I was on the lookout for companies that operate in an industry with a large and growing end […]

Ashley Gardyne, Senior Portfolio Manager — International Shares – 30 October, 2019

The failed WeWork IPO provides some timely investment lessons. It also shows no shortage of opportunists trying to separate investors from their savings.

The story of shared workspace provider WeWork and its failed initial public offering (IPO) will make a great […]

David McLeish, Senior Portfolio Manager — Fixed Interest – 30 October, 2019

Interest rates, both home and abroad, have been setting historic lows almost weekly for the last eighteen months.  This has profound implications for us all.  It is for this reason; we are writing a series of articles […]

October 29th 2019

Antipodes Chief Investment Officer, Jacob Mitchell spent 7 years running one of Australia’s largest Japan funds, achieving outperformance of 9.9% per annum. In this webinar he discusses the Japanese economy and what global equity investors can learn from Japan’s decade of low rates and perceived economic stagnation.

Executive summary

High levels of uncertainty generated by ongoing trade tensions is a continuing drag on global economic growth. The uncertainty is keeping business confidence suppressed, leading to a reluctance to invest.

This is mostly evident in manufacturing where global manufacturing PMIs are in contraction territory, but how serious this is depends on the […]

Ethical Leaders Funds 30 September 2019