InvestNow News 5th July – Harbour – Finely balanced, markets walking a tightrope

5th July 2019

Key points

• Trade tensions again dominated the headlines during June, while the “truce” reached at G20 summit mitigated some left-tail event fears, there is plenty yet to play out and the outcomes are likely to be non-binary.
• Trade tensions and a string of softer than expected economic data led global yields lower in June.
• In line with the global trend, domestic data erred on the side […]
  

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 […]