Fund Manager News

This year’s COVID shock accelerated a secular decline in interest rates around the world. Emerging market (EM) rates are no exception. The yield on the JP Morgan Emerging Market Local Currency Index (GBI-EM) declined to a series low of 4.6% compared to a 6.3% average in the prior decade. However, looking at the index can…

Mike discusses our recovery in a post-Covid environment. Change can mean new opportunity In the Global Financial Crisis (GFC), the financial system came under significant financial stress, causing a severe credit crunch and household de-leveraging. It was a failure of the financial system. But the Covid-19 recession is more like both a natural disaster and…

By now, most investors have grown familiar with the idea that we’ve entered a noisy period of geopolitics. Hong Kong has been caught up in the ongoing trade dispute between the US and China and protests have reignited over national security legislation proposed by the mainland. To add to this, President Trump’s administration has asserted…

It is hard to believe just 3 months have passed since the market lows of late-March. Equity markets have moved quickly to price an economic recovery as countries around the world reopen and authorities step up with record fiscal and monetary policy support. But how sustainable is this improvement? The pandemic is far from over…

ANZ Investments brings you a brief snapshot of the week in markets International equity markets finished the week lower after a Friday sell-off saw weekly gains erased. For the week the three main indices in the US lost between 2% and 3%, while Europe, most stock indices recorded losses of around 1%. In New Zealand,…

Equity markets continued their bounce back in June, with some indices in the US, Europe and Australasia now more than 30% off their mid-March lows. Tech stock outperformance continued with the NASDAQ 100, a benchmark of US technology companies, hitting a new all- time high. In economic data, we saw both the New Zealand and…

19th June 2020 - Bevan Graham - Managing Director and Chief Economist, AMP Capital New Zealand Key Points Unemployment rate heading higher and consumers more cautious Inflation rate heading lower in the near term RBNZ turns to quantitative easing Public debt to head to over 50% of GDP Spending needs to be directed at long-term goals New…

We are pleased to invite you to the latest investment briefing on India and in conjunction with India Avenue. In this update, India Avenue Managing Director Mugunthan Siva will discuss how the COVID-19 pandemic is impacting India, review the implications for the India economy and equity markets and update you on the performance and positioning…

COVID-19 has impacted lives, livelihoods, and economic growth in almost every country. India, given its significant and dense population, is deeply impacted as seen by its 500,000 recorded infections and 15,000 deaths. It is likely that economic recovery is likely to be slow and measured as most of the stimulus so far has been directed…

Well, that was historic. The fastest 30% drawdown in the history of global equities in the first quarter followed by the largest 50-day advance in market history in the second quarter.  The rebound has been helped by oversold investor sentiment, but with sentiment back to neutral, so too is our strategists’ market outlook. In our…

15 June 2020 - Patrick Bradley - Senior Vice President, Investment Research Introduction There’s nothing prophetic about saying the coronavirus will change the way we live and conduct business. Unemployment will rise, and some of that increase will create permanent joblessness. Some businesses will fail, despite the efforts of monetary authorities and governments to replace the…

Michael Luke - Investment Analyst - May 18, 2020 The COVID-19 pandemic has had a significant impact on economies across the globe. One of the sectors most impacted has been tourism. Not many companies can endure revenues being cut to zero for an extended period, regardless of risk management. Without the government wage subsidy, a…