Fund Manager News

Independent Audit Report Please find below a link to the Independent Audit Report as part of the 2018 Financial Statement Audit for the AMP Capital Global Property Securities Fund, AMP Capital Global Listed Infrastructure Fund and AMP Capital Global Companies Fund. The Audit was completed by ESV as part of an additional requirement for these Funds…

Ethical Investing in Focus In amongst the gloom of record heatwaves in Greenland in July, that is seeing rates of ice melt originally expected to occur in 2050, there are some slivers of good news. It can be hard to quantify, yet there is a perceptible mood shift taking place in the world. As a…

The July 2019 fund update is available here.

Michael Luke - Investment Analyst - August 1, 2019 Hawke’s Bay Council is selling 45% of Port of Napier through an Initial Public Offering (IPO) on the NZX. The sale will raise $190-$220m of which $110m will go towards the development of a sixth wharf. The remaining $79m to $108m will be returned to the council to…

Felix Fok - Portfolio Manager - July 31, 2019 In this short video, Portfolio Manager Felix Fok discusses the reasons why two seemingly similar companies can deliver substantially different investment returns over time.

Frances Sweetman - Senior Analyst - July 30, 2019 Investing in infrastructure can help the economy become more productive, but balancing short-term needs with long-term needs is a delicate undertaking. Senior Analyst Frances Sweetman discusses this and more in our latest video.

The July 2019 Fund Factsheet for the Milford Diversified Income Fund can be found here.

New Zealand equities rose strongly in July, with the S&P/NZX50 up +3.4% in the month, lifting the year to date return to a staggering +23.2% as the biggest companies continued to outperform. The Salt Dividend Appreciation Fund advanced by +2.77% in the month of July. The largest contributor was the Fund’s overweight in a2 Milk…

"Whatever it takes" - Reserve Bank of New Zealand Governor Adrian Orr as he cut the official cash rate (OCR) to a record low of 1%. MARKET COMMENTARY NZ's domestic outlook is far from weak, however the RBNZ worries about the global picture. Governor Adrian Orr said the RBNZ is ready to do "whatever it takes"…

CBS and Viacom have announced they will combine in an all-stock merger to create ViacomCBS, a global producer and distributor of premium content.  The Elevation Capital Global Shares Fund owns shares in both Viacom and CBS.  We first invested in Viacom in 2014 and a copy of our original presentation on the company may one found here.…

AMP Capital - The growing role of ESG in infrastructure Giuseppe Corona, Head of Global Listed Infrastructure London, United Kingdom 5th August 2019 As a long-standing signatory to the Principles for Responsible Investment (PRI), environmental, social and corporate governance factors are integrated across all our major asset classes, including infrastructure. When investing in infrastructure assets, we view…

5th August 2019 Key Points The two trillion-dollar global payments industry is forecast to grow 9% p.a. through to 2022 Chinese companies are leading payments innovation and expanding globally Disruption in the payments industry is being driven by technological and regulatory change The global payments industry is one that sits quietly underneath the world’s economies.…