Fund Manager News

8th March DEFENSIVE POSITIONING DURING MAD MARCH We positioned defensively during March and cash levels finished the month between 26% and 45%. We have started to deploy the cash opportunistically, especially in situations where companies raise capital at large discounts. Having cash when others don’t, provides an opportunity to buy assets at attractive prices. On…

8th April  Mike’s update on how we see things unfolding as coronavirus fall-out spreads Hang on for the recovery Fight the urge to run for the exits At times like this you want to run for the exits. To sell. Everything. As an investor, you are thinking this situation is dire and will only get…

3rd April  As Coronavirus continues its rapid global spread, investors will have to cope with continuing volatility with big swings and rallies expected over coming months; averaging in best approach for long-term investors.

8th April  Key points COVID-19 continues to spread globally with cases recently reaching over 1 million. Governments and central banks’ stimulus measures are helping mitigate the impacts of a sudden stop in economic activity. Equities posted losses as investors digested the impact of reduced economic activity on company profits, while bond yields in many countries…

NZ’s S&P/NZX50 Gross Index did relatively well by falling only 13% in March to end the quarter down 14.8%. The best performer was Fisher & Paykel Healthcare (FPH +37%) which will enjoy a modest increase in ventilator sales, a2 Milk (ATM +14%) on a strong result and Chorus (CNU +14%) on a sound guidance and capex…

The recent APN Property Group AREIT sector update webinar are now available: The presentation The video

27th Mar - Erik Ristuben, Global Chief Investment Strategist With stock markets down roughly 30%, credit spreads widening significantly—and doing so on the back of a Treasury rally—many clients are wisely asking what actions should they be considering going forward? To answer this, let’s dig into the key issues we’ve been tracking that clearly impact…

30th March International equity markets rebounded last week, posting some record gains and easing the recent sell- off. The three major indices in the US all gained about 10% over the week, while closer to home, the NZX 50 and ASX 200 rose 3.9% and 0.5% respectively. Government bond yields ended the week much lower…

31st March - Andrew Bascand Key Points Extraordinary global fiscal and monetary policies are starting to build a bridge across the void Markets are beginning to look beyond COVID-19 case trends, and towards solving the pandemic with tests, a new standard of care and vaccinations Quality companies, with strong balance sheets, are performing well This…

InvestNow News - 3rd April - ANZ - The Month Ahead - April 2020 The first quarter of 2020 was an unprecedented one for global markets as the COVID-19 (coronavirus) outbreak weighed heavily on sentiment as the outlook for global growth and trade worsened. By the end of March, the coronavirus had infected more than…

27th Mar 20 - Trent Loi, Portfolio Manager Market review Financial markets around the world have suffered a significant derating – in fact, the quickest descent into a bear market in history. From the peak on 20 February 2020, the MSCI World Index has fallen 25.7% in 23 days. The sell-off is worldwide where the correlation…

30th Mar 20 - Andy Gardner - Investment Manager, Global Equities - Equities, Sydney As we begin a new decade, one thing is undeniable: technology bears a far greater influence on our daily lives and investment portfolios than it ever has. The impact has been so spectacular that the dispersion between companies, individuals, and investors embracing technology…