Fund Manager News

Update by Matthew Goodson, Salt Funds Management - 4th August 2021 Dear Fellow Investor, The month of July saw a satisfactory performance from the Fund with a return of +0.48%. It was a funny month for equity markets, which raised more questions than answers for investors. How serious is the Covid-19 delta strain? Is the…

This article was originally published in the New Zealand Herald on 22 July 2021 There is something quite romantic about the future. But its mystery can also be deeply discomforting, challenging our need for control. And it is this longing for control that has sparked our love affair with predictions. In financial circles, central banks are well…

Recent activity from Chinese regulators and the response from markets is testing the resolve of investors. With over 30 years’ experience in covering and investing in the country, our assessment is that this presents another opportunity to upgrade portfolios by retaining a longer-term outlook – and we are actively looking to do so. When we…

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In a week’s time, some of the best sportspeople in the world will gather in Tokyo to compete to become Olympic Champion in their chosen discipline. With so many elite performers to choose from, picking an Olympic team to represent your country can be difficult enough at the best of times. But at the worst…

How does the Pie Funds team use volatility to create opportunities? Mark Devcich, Pie’s Chief Investment Officer & Portfolio Manager, explains. Volatility can create real opportunities for an active manager like Pie, if we can successfully control our emotions. Over the long term, investment returns on a fund will mimic the returns of the investments,…

Update by Elevation Capital - 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 PORTFOLIO MONTHLY FUND FACTSHEET INVEST NOW

Rising Inflation Signals the Need for Wariness in Highly Favoured Names Regular readers will know that since the outset of the COVID-19 pandemic, we have focused on the role of ‘money printing’ in funding government rescue packages and the potential for this to flow through to inflation in goods and services. Our concern has been…

ASB increased all its fixed mortgage rates yesterday, including the highly popular one year rate by 0.36% to 2.55%. We expect other major banks to follow, likely marking the end of a multi-year decline in New Zealand mortgage rates. Many households will soon be exposed to these rates as almost 80% of outstanding mortgages are…

As the global economic recovery moves forward into an expansion phase, we think now is an extremely good time to check on longer term investment objectives, risk tolerance and whether portfolios would benefit from strategic rebalancing. The subsidiary questions you may wish to explore are whether your portfolio is set for fresh risks from climate…

7th July 2021: As we rule off another quarter, the experience for equity investors remains a positive one. The US S&P500 Index closed on June 30 at a record high, having rallied more than 8% since March. Closer to home the returns have also been good, albeit recently it has been the Australian market which…

Chief Investment Officer Mark Devcich discusses the latest market conditions. June was a good month as markets rallied around the world, led by the US, and also the NZ dollar was weaker. It has been a strong first half of the year, particularly for stocks in the cyclical sectors such as resources and financials, as…