Fund Manager News

As the US economy continues to improve, the US Federal Reserve (Fed) seems close to reducing its pace of bond purchases as part of its quantitative easing (QE) programme. Different to the “taper tantrum” of 2013, however, a reduction in purchases is widely expected and is not being associated with imminent interest rate hikes. US…

Decarbonisation and keeping the lights on will need significant investment Investment needs a stable policy environment Policy risk may have lessened with reviews targeted at better information sharing Sitting at home in lockdown whilst juggling work, kids home schooling, plus various other household activities make you appreciate some things that we often take for granted.  …

Real Estate Investment Trusts (REITs) have delivered an attractive return relative to their lower volatility over the longer term The quality of New Zealand property returns has improved over the last 10 years with a higher weighting to industrial assets New Zealand REIT dividend distributions are now more sustainable, with most dividends now based on…

There’s a lot going on with markets at the moment. Inflation, OCR increases, Chinese regulatory crackdowns - plus global lockdowns, reopenings, and more lockdowns. What’s next, and what could happen to term deposit rates? Markets are currently pausing for breath until we get some clearer direction, explains Pie’s CEO & Founder Mike Taylor. What businesses…

Commentary from George Carter, Managing Director, Nikko AM In many developed countries, societies and governments are starting to see an end to the most intensive impact of Covid-19.  With Vaccination rates now north of 50% in major economies (UK 64.2%, USA 54.5%, EU 54.3%, Mainland China 61.6% [FYI Data 6 August]) attention is turning towards the re-opening and…

The RBNZ left the OCR unchanged yesterday given heightened health-related uncertainty. But with the central bank’s inflation and employment objectives met, the Monetary Policy Committee has a strong desire to reduce stimulus once this uncertainty passes. We agree that interest rates eventually need to be a lot higher, but health outcomes will determine when the…

Done it before, let’s do it again We hope you are all keeping safe & well as we find ourselves back in level 4. We have done this before, and we can do it again! From an investment perspective, it is important to appreciate that a move back to lockdown was considered a possibility and…

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed income and equity markets. The MSCI All Country World (global shares) Index rose 0.6% (in USD) in June. The Australian market gained 1.1% (in AUD) while the New Zealand market fell 0.5% over…

Chief Investment Officer Mark Devcich discusses the latest market conditions. July was a fairly uneventful month unless you were invested in Chinese stocks! The Nasdaq Golden Dragon China index, which tracks Chinese tech stocks listed in New York, fell 22 per cent in July. Increased regulatory scrutiny and a number of left-field policy directions curtailing…

This month CEO and Founder Mike Taylor discusses the surprise move by Chinese regulators. Investors panic, tech giant prices fall Chinese tech stocks fell foul of the regulator/government, which is one in the same in China, during the month as they sought to crackdown on companies that were operating against the regime’s objectives. This sent…

Update by Elevation Capital - August 2021 The Global Shares Fund Portfolio is updated regularly on our website so our investors can track and learn more about what they own. CLICK HERE TO VIEW THE ENTIRE GLOBAL SHARES FUND PORTFOLIO MONTHLY FUND FACTSHEET INVEST NOW

Update by Elevation Capital - August 2021 Dear Investors, The Annual Report and Financial Statements of the Elevation Global Shares Fund for the year ended 31 March 2021 are now available online. You can request a copy, free of charge, by emailing us at admin@elevationcapital.co.nz or by calling us on 09 379 6493. This can be emailed or posted to you.…