InvestNow News 16th August – Milford – Fund Fact Sheet – July 2019
InvestNow News 16th August – Milford – Fund Fact Sheet – July 2019
The July 2019 Fund Factsheet for the Milford Diversified Income Fund can be found here.
The July 2019 Fund Factsheet for the Milford Diversified Income Fund can be found here.
New Zealand equities rose strongly in July, with the S&P/NZX50 up +3.4% in the month, lifting the year to date return to a staggering +23.2% as the biggest companies continued to outperform. The Salt Dividend Appreciation Fund advanced by +2.77% in the month of July. The largest contributor was the Fund’s overweight in a2 Milk which had a monthly return of 22.8%.
For more detail, the July 2019 Fund Factsheet […]
“Whatever it takes” – Reserve Bank of New Zealand Governor Adrian Orr as he cut the official cash rate (OCR) to a record low of 1%.
MARKET COMMENTARY
NZ’s domestic outlook is far from weak, however the RBNZ worries about the global picture. Governor Adrian Orr said the RBNZ is ready to do “whatever it takes” – echoing the famous words of ECB president Mario Draghi in the midst of the European Debt Crisis. Be […]
CBS and Viacom have announced they will combine in an all-stock merger to create ViacomCBS, a global producer and distributor of premium content. The Elevation Capital Global Shares Fund owns shares in both Viacom and CBS. We first invested in Viacom in 2014 and a copy of our original presentation on the company may one found here.
The RBNZ shocked the market today by cutting the Official Cash Rate by 50bps to a record low of 1.00%, in response to downside risks to both domestic and global growth. Today’s rate cut should help to boost business and consumer confidence, and support the housing market.
Carrick Lucas from our NZ Fixed Income team talks through […]