Fund Manager News

12 May 2020 - Alexander Cousley Our outlook for the Chinese economy remains modestly constructive, with the path back to normalcy continuing, and more stimulus in the pipeline. In the shorter term, weak external demand (the global economy is either in final stages of lockdown, or very early stages of restarting) will be a drag on…

13th May - Carrick Lucas - Portfolio Manager As expected the RBNZ announced an acceleration to its quantitative easing programme today, almost doubling support to $60 billion. While the OCR remains on hold the possibility of negative rates is on the horizon. In this short update we provide some thoughts on the key takeout’s from today’s…

This week we held a webinar on how these times have affected the AREIT sector by addressing the top questions that we are being asked right now. You can now access a recording of the webinar here and a copy of the presentation here.

29th April - In the COVID-19 era high volatility is the new reality but Rebecca Thomas, Chief Executive Officer Mint Asset Management, explains why investors need a steady hand in shaky markets. In what looks now like an exquisite piece of market timing, the Financial Markets Authority (FMA) ‘active v passive’ debate on February 19…

1 May 2020 Global share markets have provided investors with something of a rollercoaster ride over the past two months. In March, US markets experienced the fastest 20% fall in history, to be followed, not long after, by the largest one-day gain in history. In April, markets have continued to shrug off some of the…

4 May 2020 Global equity markets finished Friday lower, erasing gains made earlier in the week to finish at or around closing levels. For the week, the three major US indices fell less than 0.5%, while in Europe, the FTSE finished up around 0.2%. It was much the same down under with the NZX 50…

Frances Sweetman - Senior Analyst - April 30, 2020 Check out our own Frances Sweetman, Senior Analyst being interviewed on Rebuilding Paradise with Paul Henry on Three. The show runs Monday through Thursdays at 9.25pm and is available on demand at Threenow.co.nz. We are proud sponsors of the show. It’s focus is exploring what the future…

27 April 2020 - Carol Lye, Associate Portfolio Manager / Senior Research Analyst A black swan virus shock brought the world to its knees—dealing a particularly acute blow to emerging markets. It was only a year ago that emerging markets recovered from the previous Federal Reserve (Fed) tightening and trade war crises. Britney Spears’s …Baby…

Engagement update In the first quarter of 2020, the world’s strong focus on ESG (climate change and the environment in particular) has, along with almost everything else, taken a backseat due to the immediate threat and fight against the COVID-19 health crisis and its economic and social impacts. However, this does not mean ESG has…

Greg Fleming - Head of Investment Strategy After a very weak period for markets some confidence has returned with a sharp but partial rebound across growth assets during April. Greg discusses the unprecedented government and central bank action that has underpinned the recovery, but it’s too early to say the worst is over and with poor…

What a month it was The strength of the recovery in equity markets over the past 5-weeks has been extraordinary. In fact, for the US S&P500, April was the strongest month of returns since January 1987. This has occurred at a time when governments, central banks and businesses are navigating the myriad of challenges associated…

Hamish Pepper - May 6, 2020 What is the Reserve Bank of New Zealand’s (RBNZ’s) Quantitative Easing (QE) programme? After cutting the Official Cash Rate (OCR) by 75bp to 0.25% on March 16th, the RBNZ launched its Large Scale Asset Purchase (LSAP), or QE programme, just one week later.  LSAP has a target to buy…