According to Abraham Lincoln “An Eastern monarch once charged his wise men to invent him a sentence, to be ever in view, and which should be true and appropriate in all times and situations. They presented him the words: “And this, too, shall pass.”” Lincoln commented on the beauty of these words, “How much it expresses! […]
All Fund returns below are after fees & before tax
New Zealand Growth Fund
The New Zealand Growth was up 2.2% for the month. Portfolio company a2 Milk was a standout (+13.5%), on the back of several supportive proof points and various investment firms touting the company’s potential to succeed in […]
December 2018
This month the team takes a look back over 2018 – key themes are
Social Media, Data & Privacy
A few key events
RESPONSIBLE INVESTING UPDATE
Quarterly report
Welcome to the December 2018 quarterly report for the AMP Capital Responsible Investment Leaders Funds (‘RIL Funds’). In addition to quarterly fund commentary and performance updates, the objective of this report is to provide insights into, and promote a greater understanding of, sustainable and responsible investment. We start by looking at […]
Market Overview
After a difficult December and 2018 in which most global markets fell, January proved to be a risk on month for markets with the S&P500 and Nasdaq +9.7% and +7.9% respectively and the main Australian, European and Japanese indices up around 3 to 4%. The drivers of this rally were the US Federal Reserve talking down risks of an imminent rate […]
Three things the Equity Risk Premium is telling us about investment markets
We often get asked by investors some common questions about the companies we invest in: do these companies care at all about Environmental, Social & Governance (ESG) risks and ethical investing? If they did care, what impact can Morphic have? Has any company made any changes based on what you thought? Do they listen to investors’ feedback?
These are valid and understandable concerns investors have, as there […]
The January 2019 Fund Factsheets for the Salt Dividend Appreciation Fund & Salt Enhanced Property Fund are available here:
No surprises from the RBNZ in today’s Monetary Policy Statement with the OCR remaining on hold at 1.75%. While there were some subtle changes to the policy outlook, the statement was not as dovish as markets had anticipated. In this short video our recently-joined Fixed Income Analyst, Carrick Lucas, talks through the market reaction and why we believe a hike is still a long way […]
As we move into the New Year, it’s always interesting to reflect on what has just happened in the previous year. Looking back to the past can offer insights into the future, however, it is important that we don’t anchor our expectations of future performance solely on what has just happened.