Fund Manager News

1st Feb 2019 If we begin with certainties, we shall end in doubts; but if we begin with doubts, and we are patient with them, we shall end in certainties – Sir Francis Bacon Fat tails Perhaps the most challenging aspect of risk management is accounting for uncertainty. Unlike risk, uncertainty implies an inability to…

The Mixed Ownership Model Has Been a Win – Win In May 2013 the New Zealand government engaged in a strong push towards partially privatising a number of our major infrastructure businesses, by listing them on the New Zealand Stock Exchange. The Government sold down 49% of the ownership in three electricity companies to a…

Greg Fleming - Head of Investment Strategy August, 2019 After a strong couple of months for equity markets, August has started with a more nervous tone with ongoing US-China trade frictions.

Carrick Lucas - Fixed Income Analyst 07 August, 2019 The RBNZ shocked the market today by cutting the Official Cash Rate by 50bps to a record low of 1.00%, in response to downside risks to both domestic and global growth. Today’s rate cut should help to boost business and consumer confidence, and support the housing market. Carrick…

Frank Jasper - Chief Investment Officer 06 August, 2019 I did not expect the exclamation point to my earlier article to be provided so soon. Today the Reserve Bank of New Zealand cut the Official Cash rate by 0.5% taking the rate down to 1.0%, the lowest ever. At the same time recent volatility in global…

Aug 8, 2019 Key points The trade tensions roller coaster continued during July. Hopes were initially raised with the announcement of further trade talks in China, though that hope turned quickly to despair as Trump announced further tariffs on Chinese imports. The US Federal Reserve delivered its much-anticipated rate cut in July, just eight months…

Delano Gallagher Investment Analyst — Australian Shares  18 July, 2019 On our recent trip to Brisbane, we attended the first of the 2019 series of TechOne hosted Showcase events.  The annual event invites existing and potential TechOne customers and industry experts to explore key industry trends and serves as a platform for TechOne to exhibit some…

Harry Smith - Senior Investment Analyst 18 July, 2019 When Amazon opens fulfilment centres in a new country, many commenters predict an apocalypse for all physical retailers and envision a future where all commerce shifts online. We think the picture is more nuanced. I recently visited the United States to attend RetailX, one of the largest…

Mark Brighouse - Chief Investment Strategist 18 July, 2019 As temperatures drop across New Zealand we are reminded of the cool change coming for a category of investment that has been a long-time favorite of Kiwis. From 1 July residential landlords will be required to comply with new rules regarding underfloor and ceiling insulation or face…

Sam Dickie, Senior Portfolio Manager — New Zealand Shares and Property & Infrastructure 18 July, 2019 We spend a lot of time thinking about what our point of difference is. We have concluded that it is not reading tonnes of research, regularly meeting management teams, rapidly analysing the most recent quarterly or semi-annual earnings releases.  It…

InvestNow News 2nd August - Fisher Funds - Annual Report Every year we create a series of Annual Reports. These reports contain information at a high level, such as a summary of the number of investors. They do not contain any information that is personal to you. Reports for the year ended 31 March 2019…

22nd July 2019 - J. Patrick Bradley Introduction Federal Reserve (Fed) Chair Jerome Powell made the pilgrimage to Capitol Hill to deliver the semi-annual monetary policy testimony to both chambers of Congress. The chairman, along with the Federal Open Market Committee (FOMC) members, have turned increasingly dovish in the aftermath of weakness in financial markets…