InvestNow News 28th June – AMP Capital – Responsible Investment Leaders Engagement Report 2019

This Responsible Investment Leaders Engagement Report 2019 provides a snapshot of the work the RIL funds have been doing on your behalf to make a difference. We have showcased some of the assets the RIL funds have supported to make the world a better place – our investments in community infrastructure, sustainable forestry, clean tech and renewables are just as exciting as the engagement work we are doing […]

InvestNow News 28th June – Pathfinder – Asset allocation: Modern Portfolio Theory v Behavioural Finance

May 21, 2019

In the financial world, a great many asset allocation decisions are made using the Modern Portfolio Theory (MPT), but what about Behavioural Finance? Karl Geal-Otter investigates.

As a theory, it attempts to explain how capital markets operate; with a long list of assumptions that don’t always hold true in the real world. Its little-known sister, Behavioural Finance (BF) is another theory that tries to explain how investors […]

InvestNow News 28th June – Pathfinder – Finding the Next Xero

May 6, 2019

When Xero delisted from the NZX, it was truly a sad day for the NZ market. While we have other great success stories such as Ryman Healthcare, and more recently A2 Milk, Xero was a great example of a Kiwi company competing in the technology space and experiencing success on the global stage.

In saying that, we discuss a few interesting up and coming NZ Tech companies below – as we are all looking […]

InvestNow News 28th June – Harbour Asset Management – Sustainability is Good for Returns

Shane Solly Jun 27, 2019

Harbour has been a signatory to the UN Principles of Responsible Investing since 2010 and is also a member of the Responsible Investing Association of Australasia.

• Harbour is adding sustainability as an investment mega trend in our equities process
• We continue to find integration of ESG factors is a positive factor for returns
• An additional overlay of sustainability as […]
  

InvestNow News 28th June – Morphic Asset Management – Prada’s devilish governance is out of fashion

June 26 2019

In the 2006 film The Devil Wears Prada, Meryl Streep plays a ruthless, cruel and demanding Editor-in-Chief of a high fashion magazine who would only be seen clad in the most-current luxury brands. For the non-fashionistas, Prada is a Milan-based luxury fashion house founded in 1913. Likely reflecting the brand’s popularity in Asia, in 2011 the eponymous family listed the Company in Hong […]

InvestNow News 28th June – Morphic Asset Management – Investor Presentations

The May/June 2019 investor Morphic presentations are available to watch here now.

The May 2019 fund commentary is available here.

Fund Commentary: May 2019

The month of May was a very eventful period for Indian markets, as May 23rd marked the national election results. Indian equity markets hit an all-time high with the incumbent government and Prime Minister, Narendra Modi, coming to power at the centre for the second time in a row, backed by a thumping majority. This continuity brings in much needed stability and policy predictability as well continuing India’s growth and reform agenda. This is discussed in greater detail […]

May 2019

Market Commentary

Times have changed. A year ago, consensus opinion was for rising rates. Yet interest rate markets are pricing in a significantly different forward path. Just a few months ago, the thought of rate cuts in the US or New Zealand seemed unlikely, yet here we are. The RBNZ cut the OCR in early May  to1.5%. The RBNZ rate cut (and those in the US) come at a time of historically tight employment markets and current GDP growth that is […]

Jack Lowenstein 18th June 2019

Last week, seven years ago, Jack Lowenstein my Co-CIO; Geoff Wood, my Head of Macro and Risk; and myself were shown into the spare space of what had been the yoga and break-out room of Optimal Funds Management on Macquarie Street. This little room was to be the new home for our nascent fund management business, Morphic.

Four flat pack boxes of Ikea style “assemble yourself” desks sat in the middle of the room with some detritus of […]