Fund Manager News

8th April 2019 Key points Global share markets continued their rally in March, benefitting from confirmation of a more accommodative US Federal Reserve (the Fed) and more positive rhetoric from the trade negotiations between the US and China. Global growth continued to show signs of weakness during Q1, most notably in Europe. While the US…

March 2019 The NZ share market rose 5.6% easily out-pacing the UK, the US, Australia, and just ahead of China’s 5.5%. There was no particular company specific news to drive the NZ market so hard. Rather, global bonds rallied (yields fell) throughout the month as the market digested the dovish stance of the US Federal…

Frank Jasper, Chief Investment Officer - 04 April, 2019 Well that was quite a month. Solid gains for every asset class, in almost every market around the globe. It really was, with a little Dickensian licence, the best of times. The numbers make for impressive reading. The global share market rose 1.2% for the month,…

April 2019 A SNAPSHOT OF THE KEY FACTORS DRIVING THE PERFORMANCE OF MARKETS AND YOUR FUNDS LAST MONTH All Fund returns below are after fees & before tax New Zealand Growth Fund The big news in New Zealand markets was the ten year Government bond rate falling sharply, to near lifetime lows. This supported the…

March 2019 The Fund rose 1.0% in March, underperforming global markets which went up 1.4% in AUD terms. The best performing country in March was India, significantly outperforming all large countries and the Fund’s largest contributor was the long position in Indian Bank, Yes Bank. As of Monday, April 8th, the Fund is up 2.8%…

29th March 2019 Welcome to the Environmental, Social and Governance (ESG) Wrap, where our team shares the latest ESG issues and their implications for investors. Watch our video with Emily Woodland and Karin Halliday as they discuss the impact of ESG globally. Emily joined AMP Capital in November 2018 and co-leads the team alongside Dr…

March 2019 The India Avenue Equity Fund's fact sheet for the month ending March 2019 is now available for you to download. In this month's Fact Sheet, we cover the following: The India Avenue Equity Fund was up 10.8% in the month of March. Strong stock selection and a broader participation of stocks in the…

March 2019 Market Commentary No one expected a simple "yes / no" referendum on Brexit to end in such chaos. With an array of options to break the impasse being voted down over the last month, time extensions seem inevitable. Prime Minister May's determination and unbreakable resilience has turned from an asset into an impediment.…

March 2019 Market Commentary Investors enjoyed strong returns over the month of March across most sectors, but the biggest surprise came from the NZ stock market which rose an astonishing 5.9% over the month. It’s difficult to know how to describe the current strong run in equities – is it a “golden summer” which seems…

March 2019 The full fund update for March 2019 is available here. Also, on the 1st of April, the FMA announced the appointment of Chris Swasbrook (Founder and Managing Director of Elevation Capital) as an associate member of the FMA Board.  Full announcement for that is available here.

March 2019 New Zealand's GDP growth has shifted down a gear and the peak in the economic cycle is now well behind us. Growth in the second half of 2018 was disappointing, reflecting a number of economic headwinds, including a moderation in global growth and slower population growth. Rising capacity constraints will also continue to…

Global central banks have turned dovish, China stimulus is stronger than expected and trade-war tensions are easing. The cycle is becoming slightly more supportive for equities, but we believe it’s late in the game and upside potential is limited. We have an underweight preference for U.S. equities, mostly driven by expensive valuations. The U.S. Federal…