Fund Manager News

Craig Stent, Oct 23, 2019 Rio Tinto has today announced that is it undertaking a strategic review of New Zealand’s Aluminum Smelter (NZAS) operations at Tiwai Point, to determine the operations’ ongoing competitive position and viability.  We think: The probability of closure versus 2013 has increased Weak commodity prices, energy and transmission costs are the main…

Stephanie Perrin - Investment Analyst - October 4, 2019 Over the years, our smartphones have become extensions of our bodies. In fact, it’s rare to walk down the street without needing to sidestep someone who’s nose is buried in their phone. There’s even a name for the feeling of anxiety caused by separation from one’s…

John Johnston - Investment Director - October 11, 2019 There has been much talk since the formation of the present government in October 2017, of declining levels of business confidence in New Zealand. The most widely quoted measure of business confidence in New Zealand is the ANZ New Zealand Business Outlook, published monthly. This survey…

Some companies handle tough economic times better than others. Portfolio Manager Felix Fok discusses how we look for companies that can flourish regardless of the economic conditions.

InvestNow News 18th Oct - India Avenue - Fact Sheets - Sep 2019 Fund and Market Commentary: September 2019 The India Avenue Equity Fund (wholesale) delivered a return of 4.22% for the month of September 2019, which was above the MSCI India benchmark of 2.97% for the equivalent period. Over a one-year period the Fund…

We have become a far greater Economic Power than ever before, and we are using that power for WORLD PEACE!" - Donald Trump, President of the United States of America MARKET COMMENTARY Before moving onto market commentary, an energy sector news headline caught our attention. The energy sector is notorious for booms and busts, but…

Click the links below to download each of the fact sheets: Russell Investments Emerging Markets Fund Russell Investments Global Fixed Interest Fund Russell Investments Global Opportunities Fund Russell Investments Global Opportunities Fund $NZ hedged Russell Investments Global Shares Fund Russell Investments Hedged Global Shares Fund Russell Investments NZ Fixed Interest Fund Russell Investments NZ Shares…

Our Fundamental Process in Practice At Devon our key focus when building investment portfolios for clients is fundamental research and a recent trip that we made to the US is an excel- lent example of how this works in practice. Over the course of two weeks, and across nine states, we met with a large…

3rd October, 2019 - Mike Taylor, CEO Strong gains in Australasian funds Dividend, Emerging and Growth 2 had another record-setting month, all pushing to new highs. Recently, I discussed with investors how Pie handles market uncertainty. For us, uncertainty = volatility = opportunity = return. Earlier this year, the Australasian team took advantage of the…

7th October, 2019 - Mark Devcich, Chief Investment Officer This quarter has seen a continuation of strong equity market performance. Falling interest rates drove the NZX50 up 4.0%; the New Zealand 10 yr fell from 1.6% at 30 June to 1% by 30 September. During the quarter, the RBNZ also cut the official cash rate…

7th October, 2019 - Mike Ross, Senior Investment Analyst and Portfolio Manager The Dividend Fund returned 11.3% during the September quarter versus the benchmark return of 3.1%. The fund held an average cash balance of 32% over the quarter with market hedging. Data#3 (ASX:DTL), Baby Bunting (ASX:BBN), Eclipx (ASX:ECX) and Austal (ASX:ASB) were the largest contributors…

7th October, 2019 - Article by Liam Dann, originally published by NZ Herald It's easy to see how the tech revolution has disrupted industries like media, transport and tourism - just think Facebook, Uber or Airbnb. But if you want an example of the depth to which tech is shaking the foundations of the corporate world,…