Fund Manager News

ANZ Investments brings you a brief snapshot of the week in markets US equity markets had a volatile close to the week, erasing early-session losses on Friday to close the day up. At one point, the S&P 500 was down more than 1%, before closing up more than 2%. However, growth stocks continued to broadly…

Update written by Roger Clayton, Salt Funds Management - 9th March 2021 NZ’s S&P/NZX50 Gross fell -6.9% despite a strong reporting season where earnings beats outnumbered misses by 5:1. The best performers were Vista (+14%) on the re-opening trade, Skellerup (+14%) on a strong result, while an improved outlook and rotation into cyclicals drove Westpac (+13%)…

A SNAPSHOT OF THE KEY FACTORS DRIVING THE PERFORMANCE OF MARKETS AND YOUR FUNDS LAST MONTH All Fund returns below are after fees & before tax New Zealand Growth Fund The NZ Growth Fund was down -5.1% in February. Shares in global cinema software business Vista (+14%) gained as COVID infection rates fell and the vaccine rollout…

This month CEO and Founder Mike Taylor discusses the recent volatility in the bond market. ARE HIGHER INTEREST RATES LOOMING? Last year it was deflation, this year it’s inflation. Go figure. Far from being debonair and suave, the bond market revolted during the month with yields racing higher in a matter of days. What? You…

It is clearly a disappointment that 2021 has started in a more volatile fashion than 2020 did. It wasn’t actually until Mid-March that 2020 saw volatility, although clearly it was extremely volatile from that point onwards. Since the very start of this year though, 2021 has seen a series of events that has volatility on…

Resetting the cycle: The old normal For mostly obvious reasons, 2020 was the wildest year in recent memory for the global economy and markets across all asset classes. We saw markets fall and economic activity collapse, only to rebound in the space of months, buoyed by record amounts of monetary and fiscal stimulus. As we begin…

Managing exposures in 2021 Interim transition management. Compared to traditional approaches, interim TM promises both ease-of-use and significant cost savings. But is it possible to have the best of both worlds? We believe the answer is yes. Investment manager changes are a frequent occurrence for institutional investors and sometimes these changes are required on a moment’s notice.…

Nearly five years have passed since we first issued our guide to pension plan hibernation. Since that time, this concept has resonated across our client base and in the pension industry. Plan hibernation does not ignore that a closed and frozen defined benefit (DB) plan will eventually terminate. Plan hibernation simply holds the plan in a…

InvestNow Top 30 Most Popular Managed Funds - Jan 2021 Here are the Top 30 most popular funds on InvestNow as at 31st January 2021.  The chart shows the percentages of portfolios which have invested in the Top 30. Click the chart to open it up in a separate window/tab.

What should investors do when President Biden raises investment tax rates? Hold the phone, nothing is certain. For tax rate changes, the questions are if? And if so, then when? How? Whose plan? What rates? In discussions with advisors and colleagues, many assume that with President Biden in office and the current narrow Democratic majority in the Senate, implementing…

Barely a week before the transition period was due to end on Dec. 31, 2020, the UK and the European Union (EU) reached a post-Brexit trade deal, officially known as the EU-UK Trade and Cooperation Agreement. While avoiding the potential chaos of a no-deal outcome was welcome on both sides, the free trade agreement portion of the deal…

Responsible investing is one of the key drivers of how we manage your money. We firmly believe that this is not only the right thing to do but it is the smart thing to do. Companies with business models that are not sustainable, either socially or environmentally, ultimately make bad investments. To start 2021 we…