The Fund rose 1.0% in March, underperforming global markets which went up 1.4% in AUD terms. The best performing country in March was India, significantly outperforming all large countries and the Fund’s largest contributor was the long position in Indian Bank, Yes Bank.
As of Monday, April 8th, the Fund is up 2.8% for the month.
Ethical Investing in Focus
The Fund has been short Coca-Cola Amatil for some time now and we […]
Welcome to the Environmental, Social and Governance (ESG) Wrap, where our team shares the latest ESG issues and their implications for investors.
Watch our video with Emily Woodland and Karin Halliday as they discuss the impact of ESG globally.
Emily joined AMP Capital in November 2018 and co-leads the team alongside Dr Ian Woods. She is permanently based in Hong Kong but is spending time with the Sydney team to help develop its long term vision […]
The India Avenue Equity Fund’s fact sheet for the month ending March 2019 is now available for you to download.
In this month’s Fact Sheet, we cover the following:
Market Commentary
No one expected a simple “yes / no” referendum on Brexit to end in such chaos. With an array of options to break the impasse being voted down over the last month, time extensions seem inevitable.
Prime Minister May’s determination and unbreakable resilience has turned from an asset […]
Investors enjoyed strong returns over the month of March across most sectors, but the biggest surprise came from the NZ stock market which rose an astonishing 5.9% over the month.
It’s difficult to know how to describe the current strong run in equities – is it a “golden summer” which seems to stretch out longer than anyone would expect and just keeps going, or is it the “final throes” of a bull run that’s twitching before it […]
New Zealand’s GDP growth has shifted down a gear and the peak in the economic cycle is now well behind us. Growth in the second half of 2018 was disappointing, reflecting a number of economic headwinds, including a moderation in global growth and slower population growth. Rising capacity constraints will also continue to have a moderating influence on growth in activity.
But there are tailwinds too, largely on the back of fiscal stimulus and strong growth […]
Global central banks have turned dovish, China stimulus is stronger than expected and trade-war tensions are easing. The cycle is becoming slightly more supportive for equities, but we believe it’s late in the game and upside potential is limited.
We have an underweight preference for U.S. equities, mostly driven by expensive valuations. The U.S. Federal Reserve’s pause on interest-rate hikes has helped push markets up, but wage growth is already threatening […]
Harbour Navigator 2/04/2019
New Zealand government stock yields fell to record low levels across all maturities last week, as the Reserve Bank acknowledged the weaker global economic outlook and the ensuing risks to the domestic economy. We think:
The decline in yields has been dramatic this year, with the […]
