Fund Manager News

17thJuly 2019 We are proud that the integration of ESG issues in both our investment strategy and governance structures have been validated by the recently published PRI 2019 Assessment Report 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,…

July 29th 2019 “It’s supposed to be hard. If it were easy, everyone would do it.”  Tom Hanks, A League of Their Own Our market outlook for the second half of 2019 looks at the economic data as an attempt to anticipate what will happen for the rest of the year. This outlook was part of…

30thJuly 2019 - Bevan Graham, NZ Managing Director & Chief Economist Executive summary Rising protectionism remains the greatest challenge to global growth. Trade policy and the uncertainty related to what happens next is dampening business confidence and new business investment, while the disruption to global supply chains makes for a challenging environment for global industrial…

This report is put together half yearly by us and allows our investors and potential investor base to benefit from our knowledge, local connectivity and insights. We all know India has high GDP growth and a large population, which create fundamental tailwinds. However, how do you implement an appropriate portfolio to best capture this long…

The Annual Report and Financial Statements of the Elevation Capital Value Fund [now called the Elevation Capital Global Shares Fund] for the year ended 31 March 2019 are now available online.

30th June 2019 Welcome to the June 2019 quarterly report for the AMP Capital Ethical Leaders Funds (previously the Responsible Investment Leaders Funds). In addition to quarterly fund commentary and performance updates, the objective of this report is to provide insights into, and promote a greater understanding of, sustainable and responsible investment. We start by…

From 1st August, we are reducing the fees on two of our funds. The fee for both Harbour NZ Corporate Bond Fund and Harbour NZ Equity Advanced Beta Fund are now 0.45% pa, including management and other costs, excluding GST. These funds are two of our most cost-effective solutions. The Advanced Beta Fund draws on…

Mint Asset Management Limited (Mint)’s focus on responsible investment has earned it the top rating in a global benchmark that recognises strong governance and strategy.  For the third year, Mint has received an A+ rating from the United Nations Principles for Responsible Investment (UNPRI)since becoming a signatory to the global initiative.   A+ is the…

“We are doing great Economically as a Country, Number One, despite the FED's antiquated policy on rates and tightening...”  President Donald Trump - July 15 2019 - Twitter MARKET COMMENTARY Massive news for Pathfinder. For the past 9 months the team has been hard at work creating New Zealand's newest KiwiSaver Scheme. We are immensely…

Chris Swasbrook of Elevation Capital Management presented his in-depth investment thesis on Molson Coors (US: TAP) at Best Ideas 2019. Thesis Summary: Through successive rounds of M&A, Molson Coors has become one of the largest brewers in the world. However in recent years, beer consumption (especially non-craft beer) is in decline in developed countries. This…

Global shares Global sharemarkets made good gains in the June quarter, with the MSCI ACWI Index – Net returning 5.2% in unhedged NZD terms (or 3.1% in hedged NZD terms). Much of the gains came after central banks turned more dovish in the face of rising global growth concerns. Growth fears intensified throughout the period…

“A good forecaster is not smarter than everyone else, he merely has his ignorance better organised.” - AnonymousEach half, as part of our outlook for the coming six months, we provide a series of “anti-forecasts” for what will NOT happen between now and December 31st, 2019.First, we must reflect on the performance of our last set of…