Fund Manager News

Jun 9, 2020 Key points Equities continued to bounce back with the S&P/NZX 50 returning 3.3%, S&P/ASX 200 (in AUD) up 4.4% and the MSCI ACWI Index up 4.1%. Government bond yields settled in a low range, as the Reserve Bank’s bond buying (QE) programme offset the pressure that would otherwise have come from increased…

17 April 2020 ‘Don’t panic’ has been the Government’s catch-cry when it comes to supermarket shopping, and the same motto should apply to investment despite the havoc being wreaked on financial markets by the COVID-19 pandemic. Investment Manager for QuayStreet Asset Management, Andrew South says that if investors are in a fund with the right…

INTERNATIONAL MARKETS Risk on! The benchmark MSCI World Index (NZD) rose 4.4%, building on last month’s rally. The defining theme for the month was the return of growth. Over the course of the month, the market moved from pricing in reflation to pricing in the combined impact of reopening and stimulus on growth. In the…

20 February 2020 - Jacob Mitchell, Chief Investment Officer The collapse in real yields has led to the systematic outperformance of high growth stocks, a situation in which we believe could lead to investors being caught out by growth traps. The price performance of high growth stocks versus lower multiple stocks has never been more…

10 June 2020 Finding opportunities in volatile markets The prospect of negative interest rates for the first time in New Zealand history will likely force many investors to rethink and possibly reset their asset allocations in the wake of the Covid-19 crisis. “It looks very much like New Zealand is following Japan” says QuayStreet Investment…

Hamish Pepper - Jun 11, 2020 Key Points Many economies, including New Zealand, are re-opening and recovering faster than expected High growth rates are normal after such a large contraction in activity and the recovery, so far, is partial Ongoing policy stimulus is expected, given the residual uncertainty As COVID-19 infection rates slow, economies are…

Greg Fleming - Head of Investment Strategy Strong returns during April and May have put markets on a firm footing going into the middle of the year, despite deteriorating economic data around the world. Greg breaks down the rebound across key asset classes and discusses our positioning for the coming months, as well as the sectors…

5th June 2020 May was another month of strong returns for equity markets... IT’S (NOT) THE ECONOMY, STUPID May was another month of strong returns for equity markets and now some markets, such as the technology focused Nasdaq, are trading at record highs and well above where they started the year. This highlights the unpredictability…

8th May 2020 InvestNow News - 5th June - Pie Funds - Market Watch Episode 43: Pandemic, unemployment, riots - nothing rattles Wall Street.

5th June 2020 Mike’s update on the May rally which presented plenty of opportunity and broke some Pie records Lock Down to Stocks Up If April was about opportunity then May’s theme was recovery Last month, I talked about how a crisis represented both risk and opportunity. Hindsight shows COVID-19 has so far provided investors…

Global equity markets recorded solid gains last week as optimism rose over the easing of lockdowns and some hopes on the COVID-19 (coronavirus) vaccine front. For the week, in the US, the S&P 500 rose around 3%, while tech stocks continued to outperform with the NASDAQ gaining nearly 3.5%. Meanwhile, in Europe, the FTSE rose…

Hamish Pepper - May 25, 2020 Key Points The RBNZ continues to entertain the idea of a negative Official Cash Rate (OCR) to provide additional economic stimulus There is global precedent, but the associated lower policy efficacy and financial stability risks cause much debate A negative OCR cannot be ruled out and keeping the option open…