Fund Manager News

In this month's Fact Sheet, we cover the following: We discuss how India's markets fared in 2019 and what we expect for India's economy and markets in 2020 We dive deeper into an exciting sector in India, Chemicals. The chemicals industry in India is highly diversified, covering more than 80,000 commercial products that are sold locally and…

“We’ll have an economy based on wind. I never understood wind. You know, I know windmills very much. I’ve studied it better than anybody I know."  Donald Trump, Renewable Energy Expert MARKET COMMENTARY This quote about wind energy by President Trump is so amazing to read, we have to re-print it here in full. Click…

Our managers expect positive growth for the world economy in 2020, but the pace may continue to slow.  There will be selective opportunities for gains, but at a price: episodes of market volatility driven by political and policy concerns may test investors’ resolve along the way. 3 KEY THEMES Gradual Growth Investors should expect global…

“We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction”  - Bill Gates A decade ago, the world’s largest and fourth largest companies were oil companies, Exxon Mobil and BP. The third largest company…

INFRA TO DRIVE INDIA’S GROWTH To pursue the goal of being a US$5trillion economy by 2025, the Government of India has released the “National Infrastructure Pipeline (NIP)”, following on from statements made by Prime Minister, Narendra Modi in his Independence Day speech in August 2019. The plan lays out the blueprint for spending on infrastructure,…

The Fund delivered a strong performance in December, with a return of +1.70% after all fees and expenses. We had gone sideways for much of the month but experienced a very strong final three days in contrast to the sharp sell-off in the NZ and Australian markets. The Fund aims to deliver an equity-like return…

Market Commentary The investment story for November is almost entirely one of equity market strength.  The NZX50 was up by nearly 5% with the largest companies leading the upwards charge.  Whilst the New Zealand market produced returns higher than the major markets, a strong month for US and European markets helped the MSCI All Countries…

December 16th 2019 Many companies have a sustainability focus and achieve great things for New Zealand. But equally there are companies that do harm. It may be social harm – there are more than a hundred exploitive employers on the Labour Inspectorate’s ‘blacklist’ for breaching minimum employment standards. Others cause environmental harm; the worst in…

Ethical Investing in Focus At the Morphic Ethical Equities Fund AGM in Sydney last month, several investors asked questions about the revolutionary hydrogen powered trains produced by French rail manufacturer Alstom. Are hydrogen trains actually any better for the environment? Alstom, which has been one of the Morphic Funds’ largest investments for nearly five years,…

“Stock Market up big today. A new record. Enjoy!" Donald Trump, highly regarded market strategist MARKET COMMENTARY As shown on the cover page, Pathfinder won the Alternatives Fund of the Year 2019 for the Global Water Fund at the Good Returns/Research IP Fund manager awards. This award judges funds on return, volatility as well as…

1. WHAT ARE REITS AND WHY SHOULD INVESTORS USE THEM? Real Estate Investment Trusts (REITs) have unique characteristics that can make them attractive to both income and growth investors. REITs own property and pass the rent collected from tenants that occupy those properties onto investors in the form of dividends. Listed on the stock exchange,…

Our recent interview with Peter Leggett, MD and Private Wealth Adviser of Arrow Private Wealth, a successful financial planning practice based in Melbourne. In the interview we discuss why Australian clients should participate and benefit from India's growth story. Peter talks about his journey of discovering and understanding India's opportunity and how he has conveyed…