Fund Manager News

February 03, 2020 - Francis A. Scotland Global Growth, The New Coronavirus and Reactions Market developments in the new year have been dominated by the viral outbreak originating in Wuhan, China: panic selling in copper and industrial metals, weakness in commodities and emerging market currencies, developed country sovereign yields back near their August lows, the…

The Summer 2020 issue of Taking Stock is now available to view online. Check out the latest news from AMP Capital, including ten themes for the next decade, responsible and ethical investing, investing in 'exceptional' companies, and ways to enhance performance in a low return world. Featured in this issue are: Lead story: ten themes to set the…

Equity markets recorded solid gains last week with indices in the US reaching new all-time highs as the market volatility from last week slowly abated. Despite a Friday sell-off, the Dow, S&P 500 and NASDAQ all finished the week up more than 3%. In New Zealand, the NZX 50 eked out small gains too, thanks…

Market overview Global markets started January in a very positive fashion; then came Iran and then came the coronavirus. As coronavirus fears grew, markets pulled back and bonds rallied (yields fell to lows seen last September). The US market was flat for the month, while the UK market was down 3.4%, European markets down 2.6%…

Feb 11, 2020 Key points The conflict between the US and Iran caused some market volatility but proved to be short lived. Activity indicators were generally stronger in January. US manufacturing, which had been an area of weakness, posted a strong print in early February, well above expectations. The US earnings season was very strong.…

In this month's Fact Sheet, we cover the following: The Fund delivered 19.8% over the last 12 months beating its benchmark by 1.3% We discuss the key aspects of India's budget for FY20-21 and what it means for the Indian Economy India recorded its largest ever calendar year investment in 2019 from PE and VC funds of US$48…

"The detection of a small number of   may indicate more widespread transmission in cases other countries; in short we may only be seeing the tip of the iceberg” - Tedros Ghebreyesus, Director General of the World Health Organization on Coronavirus MARKET COMMENTARY Early in the month markets were basking in the after-glow of the partial US-China…

NZ’s S&P/NZX50 Gross Index rose by a solid +2.0%. The best performers were Pushpay (PPH +12%) on strong offshore buying, Fletcher Building (FBU +9%) on confidence the housing market is stabilising and Spark (SPK +8%). The Fund marginally lagged its benchmark in January, returning +1.76.  The largest tailwind was the Fund’s sizeable overweight in Spark (SPK,…

Investors have their noses to the wind for the source of the next crisis. The terrifyingly titled pile of debt, known as “leveraged loans”, could be starting to pong. At Harbour we remain vigilant, monitoring the US market, but taking comfort in the structure of markets down under. Leveraged loans are simply private market borrowing…

Fact sheets available below: Russell Investments Emerging Markets Fund Russell Investments Global Fixed Interest Fund Russell Investments Global Listed Infrastructure Fund $NZ hedged Russell Investments Global Opportunities Fund Russell Investments Global Opportunities Fund $NZ hedged Russell Investments Global Shares Fund Russell Investments Hedged Global Shares Russell Investments NZ Fixed Interest Fund Russell Investments NZ Shares…

Looking back for a moment, 2019 was another stellar year for both equity and bond investors. In fact, it was the second best year for the S&P 500 since the financial crisis, rising 29%. And for tech investors, the NASDAQ 100 recorded its best year since 2013, rising nearly 40%, led by Microsoft and Apple,…

22 Jan - Harry Smith - Senior Investment Analyst Having recently turned 100, there is no sign of complacency at Hilton as the company positions itself to take market share.   Travel is a growing industry, supported by a rising middle class globally and a generation of consumers more willing to spend on experiences versus…