Fund Manager News

15thJuly 2019 - Richard Lawrence -Senior Vice President, Portfolio Management For those of you who know little about ice hockey, Wayne Gretzky is widely regarded as the greatest player in the sport’s history. Part of what made him successful was his intuition and anticipation of the game—he saw things that others didn’t see, or at…

Morphic's half year report reviews what happened in their stock holdings and the markets during the last six months and provides their outlook for the rest of the year.

July 4th 2019 Booke Bone In this short video, Investment Director Brooke Bone discusses how Milford is unlocking value for investors by working with, and investing in, a small set of carefully selected fast-growing private companies. Brooke puts the spotlight on one recent success story in particular.

Diversified Income Fund June Fact Sheet The June 2019 fact sheet is available here.

June 6th 2019 Ian Robertson Amongst the Budget Responsibility Rules which the government agreed after the 2017 election, the government is required to reduce the level of net core Crown debt to 20% of GDP within five years of taking office (fiscal year ended June 2022).  In a recent speech by Finance Minister Grant Robertson,…

June 27th 2019 Frances Sweetman I was fortunate enough to attend New Zealand’s first Alibaba E-Commerce Expo and Conference this month. This was a fascinating event launched by Alibaba, a giant Chinese conglomerate focused on e-commerce. The event had two main aims: To help educate small New Zealand businesses looking to export to China via…

July 5th 2019 Roland Houghton The listed Australian property sector (AREITs) has had a very strong 12 months, returning 19.3% (including dividends) vs. the ASX 200’s return of 11.5%[1]. This is quite a spectacular return for what is often considered a low volatility, slow moving asset class. So, what’s driven this strong return? Ultimately, falling…

July 18th 2019 Simon Pannett, CFA - Director, Senior Credit Analyst A new capital security issued on Tuesday night by Westpac Banking Corporation (Westpac) has highlighted the lack of higher-yielding opportunities available for New Zealand-based investors. Banks fund the loans they make from deposits, bonds and shareholders’ contributions.  In Australia, that’s also the order in which funds…

Fund fact sheets are available below: Russell Investments Emerging Markets Fund Russell Investments Global Fixed Interest Fund Russell Investments Global Opportunities Fund Russell Investments Global Opportunities Fund $NZ hedged Russell Investments Global Shares Fund Russell Investments Hedged Global Shares Fund Russell Investments NZ Fixed Interest Fund Russell Investments NZ Shares Fund

Market Commentary The month of June saw strong returns across a range of sectors and in aggregate resulted in very good returns for investors in the Nikko AM diversified funds. The highest returns came from global equities (which bounced back from losses in May), but New Zealand equity securities also continued to rise particularly in…

An update from your Chief Investment Officer - Frank Jasper Imagine a mythical pet store. It has cats and dogs and parrots. But this one has snakes and spiders and tigers too. Some animals in this store will make the perfect companion, enriching your life and bringing joy. Some will bite your hand off. In…

Here is the Elevation Capital Value Fund monthly update for June 2019