Fund Manager News

Ethical Investing in Focus As a PRI signatory, we are committed to the six principles covering the incorporation of Environmental, Social and Governance (ESG) issues in our investment process. We actively promote and collaborate with other responsible investors and aspire to the highest levels of transparency. We are proud that the integration of ESG issues…

Market Commentary Market volatility returned in August, triggered by US/ China trade war tensions with new tariffs and import restrictions. Geopolitical tensions globally also fueled investor nervousness - especially tensions in Hong Kong and the ongoing (and increasingly chaotic) Brexit saga. September is calmer with a number of positive developments: 1) US and China agreed…

Market overview Global markets hesitated in August, with most down between 1.9% and 4.9% and the ASX200 down 2.4%. The NZ property index was up 3.2% in August. The NZX50 was down 0.9% - without A2 it would have been up 1.6%. Global bond yields moved materially lower – the NZ10 year yield dropped from…

3rd sep 2019 - Simon Steele - Head of AMP Capital Global EquitiesLondon, United Kingdom Capitalising on opportunities created by disruption is, in our view, a key investment theme in the 21st century as technology advances the pace of change, but the concept of disruption itself is not new – it is simply a modern-day term for…

2nd sep 2019 - Greg Fleming - Head of Investment Strategy, New Zealand As expected, August was a volatile month for equity markets with geopolitical noise spooking investors. What's the outlook from here? ...

3rd Sept 2019 Panalpina (ticker: PWTN) is a Swiss-listed global third-party logistics provider that we have been following for a considerable time. As we identified two years ago, the logistics industry is reasonably fragmented and various companies have been active in trying to consolidate the industry, growing larger in order to generate economies of scale. We believe that…

Insights into our corporate health Equity markets traded with an unfamiliar level of volatility during August as investors contended with a deluge of information, both international and domestic. Global growth concerns have heightened in tandem with an escalation in the US-China trade dispute. This has resulted in the US yield curve inverting between the 2-year…

Winter 2019 The Winter 2019 issue of Taking Stock is now available to view online. Check out the latest news from AMP Capital, including key themes in global listed real estate, ethical issues associated with social media companies, how the role of benchmarks is changing, and AMP Capital's Global Property Securities Fund. Featured in this…

26th August 2019 The a2 Milk Company reported on earnings last Wednesday. In spite of net profit being 47% ahead of last year with a 41% increase in revenue, the market was disappointed by reduced margins, reportedly due to increased spending on marketing and, as a consequence, the price has fallen. a2 spent more on…

27th August 2019 “Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.” John Maynard Keynes The year is 2003 and a…

Elevation Capital's Investment Summary and overview are available here.

At Antipodes, we look beyond the headlines and explore less obvious parts of the market in order to find true value and growth.This is particularly important in the market we are currently faced with. It’s a market relentlesslyreaching for structural growth and quality at any price, while cyclical sector valuations have rarely traded on lower…