Fund Manager News

We are living in extraordinary times, and it is therefore no surprise that financial markets remain volatile as investors try to digest, assimilate and process what is going on and what it means for the economy, spending, employment, activity etc. With a distinctly uncoordinated global approach politically, there is plenty of uncertainty around what different…

Today is our 10th and final COVID-19 weekly video update. This week we were joined by Doug Jopling, Portfolio Manager of the Pie Growth Fund, and we covered off these questions: What lessons have we learned from this crisis? How is the Growth Fund positioned? Why are we holding gold? What is going to set us apart from others going forward?…

21 May Nikko Am NZ’s Head of Equity, Stuart Williams, reflects on last week’s budget announcement and what this means from an investment perspective Well what a week it’s been. After 7 weeks of worry and uncertainty, we’ve emerged from our respective bubbles seemingly COVID free and with a burgeoning sense of optimism for our…

Key points COVID-19 infection rates have slowed in most countries with some positive news on potential treatments and the fatality of the virus. Equities bounced back strongly digesting positive COVID-19 news flow alongside large scale monetary and fiscal stimulus. US earnings season has kicked off with the results to date above expectations, albeit earnings expectations…

INVESTOR UPDATE 8 MAY 2020 from Pie Funds on Vimeo.

Mike and Liam discuss the big crash and huge stock market rally.

BEST MONTH IN DECADES April 2020 was the best performing April in 82 years and the best performing month since 1987 for the S&P 500. Stock markets continued the rally off their March 23rd lows driven by the Federal Reserve substantially increasing their purchases of assets from $4.2 Trillion in early March to $6.65 Trillion…

This month Mike looks at how applying historical context can be useful in handling modern-day problems. Crisis Applying old wisdom in 2020 In China, the word crisis is a combination of two characters. One represents danger, the other opportunity. The English language origin of crisis comes from the Latinized form of the Greek word krisis,…

Global equity markets continued their resurgence last week, with indices in the US recording gains of between 2% and 6%, while down under the NZX 50 rose 2.3%. Tech stocks continued to outperform with the Nasdaq Composite trading into positive territory for the year. After a volatile few months, bond yields have settled into relatively…

A few weeks ago, Facebook paid US$5.7bn for a 9.9% stake in Reliance Industries, Jio Platforms (JPL) business. That was the largest amount paid for a minority shareholding in the tech space on a global basis. Additionally, on the back of this deal, Silver Lake Partners (a large US PE firm with US$42bn of Assets…

Ethical Investing in Focus Despite the almost 100% focus on COVID-19, another large bank in Australia, Westpac, announced that they would be exiting all support for lending to the thermal coal industry by 2030. This builds on prior commitments from other lenders and Insurers who are increasingly worried about the financial viability of lending to…

9 May 2020 - Travis Bagley The coronavirus pandemic has roiled the global financial markets, with investors struggling to forecast the economic impact of an unprecedented global health crisis. The uncertainty is causing equity returns to fluctuate by triple digit basis points, while the fixed income market is heavily impacted by fragmented liquidity and higher trading…