Fund Manager News

April 2019 - Ethical Investing in Focus The fight against climate change has never been more critical and every Earth Day on 22nd of April reminds us that we all share in the responsibility to protect and preserve the planet. This year’s focus was the protection of threatened and endangered species. Wherever natural resources are…

Market Overview - April 2019 The NZ share market rose 1.7% in April and Australia rose 2.4%, following strong performance by overseas markets, with the US market up 4.0%, Germany +7.1%, France +4.9% and Japan +5.0%. Bond yields rose a little following the sharp drop in March. Reasonable economic data, a strong company reporting season…

April 2019 The global economy is facing headwinds and tailwinds. The key headwind is the politics of trade and the agonisingly slow progress being made in resolving outstanding tensions. The tailwind is that labour markets are thus far still in good shape, employment growth remains robust and wage growth is nudging higher. We are currently…

Robbie Urquhart, Senior Portfolio Manager — Australian Shares 17 April, 2019 Last week Prime Minister Scott Morrison called the Australian federal election for the 18th May 2019, only a few weeks away.  It has felt as if the campaign has been in full swing for a lot longer than this given the amount of conjecture in financial…

Ashley Gardyne, Senior Portfolio Manager — International Shares17 April, 2019 There were two newsworthy developments for our portfolio company Edwards Lifesciences over the last month. Firstly, its breakthrough transcatheter aortic heart valve received some great clinical trial results, and secondly, Mick Jagger’s successful heart surgery provided this new technology with some well-deserved publicity. We have held…

IS IT TIME TO BREAK UP? Goodbye for now to the corporate bond market David McLeish, Senior Portfolio Manager — Fixed Interest 17 April, 2019 David McLeish’s tongue in cheek “Dear John letter” to the global corporate bond market. Dear Global Corporate Bond Market, It’s with a heavy heart that I write this letter. But after almost…

Kristen Le Mesurier, Portfolio Manager, Multi Asset GroupSydney, Australia Environment, social and governance (ESG) issues are a crucial part of our investment process. They affect the way we invest and where we invest. They also inform our global engagement agenda, which is the list of issues that we target in an attempt to change companies’ behaviour…

12th April 2019 AMP Capital (New Zealand) Limited has decided to divest from companies that are involved in the production of civilian firearms. This delivers on our ongoing commitment to responsible and ethical investment, and reflects New Zealanders changing attitudes towards firearms following the events in Christchurch. We will be writing to the underlying investment…

15th April 2019 AMP Capital has joined the NZ Super-led shareholder engagement initiative aimed at pressuring social media companies to strengthen controls on objectionable content. This collaborative engagement brings together 44 entities (26 from New Zealand and 18 international), representing over NZ$1.5 trillion of assets under management. Read more >

16th April 2019 Harbour’s Macro Research Day is a chance to revisit research anchoring our medium-term view. Locally, we expect economic activity to moderate rather than slow sharply. While on one hand the market is pricing in cuts to the OCR, we continue to see core inflation measures rising which means that rate cuts, while…

2NUR FM - Responsible Investing with Steven Pritchard and Jack Lowenstein In this podcast, Steven Pritchard explores the world of Responsible Investing with Morphic's Joint-CIO Jack Lowenstein. Listen to the podcast >

March 2019 Fact sheets for March are available here: Salt Enhanced Property Fund Factsheet - 31 03 19 Salt NZ Dividend Appreciation Fund Factsheet - 31 03 19