Fund Manager News

January 2019 The monthly update for the Elevation Capital Value Fund is available here.

18th Feb - Diana Mousina, Economist - Investment Strategy and Dynamic MarketsSydney Australia The Brexit date is fast approaching (29 March) but the future of the UK/EU relationship is still uncertain. Diana Mousina, Senior Economist, AMP Capital Australia, looks at what the next steps are for the UK before the Brexit deadline and what the future…

Cost, confusion and complexity - What Cullen's CGT means for fund investors 21 February 2019 - Anthony Edmonds, MD Implemented Investment Solutions  The Tax Working Group (TWG) proposals released this morning would skew New Zealand investors away from local assets, distort the KiwiSaver market and mangle the portfolio investment entity (PIE) regime if introduced, according…

Frank Jasper - Chief Investment Officer 04 February, 2019 According to Abraham Lincoln “An Eastern monarch once charged his wise men to invent him a sentence, to be ever in view, and which should be true and appropriate in all times and situations. They presented him the words: "And this, too, shall pass."” Lincoln commented on…

05 February, 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 New Zealand Growth was up 2.2% for the month. Portfolio company a2 Milk was a standout (+13.5%), on the back of several supportive…

December 2018 This month the team takes a look back over 2018 - key themes are Social media and data privacy Climate change Wage underpayment and franchise sustainability Plastic and waste Social Media, Data & Privacy A few key events In March, a story broke that the political consultancy firm Cambridge Analytica was paid to acquire…

RESPONSIBLE INVESTING UPDATE Quarterly report Welcome to the December 2018 quarterly report for the AMP Capital Responsible Investment Leaders Funds (‘RIL 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 looking…

  Market Overview After a difficult December and 2018 in which most global markets fell, January proved to be a risk on month for markets with the S&P500 and Nasdaq +9.7% and +7.9% respectively and the main Australian, European and Japanese indices up around 3 to 4%. The drivers of this rally were the US…

Three things the Equity Risk Premium is telling us about investment markets 12th Feb 2019 - Chris Di Leva Equity Risk Premiums (the additional expected return from equities over bonds) are currently elevated Globally and in the US, while less so in NZ. Entering equity markets at a higher equity risk premium has traditionally been a…

8th Feb 2019 We often get asked by investors some common questions about the companies we invest in: do these companies care at all about Environmental, Social & Governance (ESG) risks and ethical investing? If they did care, what impact can Morphic have? Has any company made any changes based on what you thought? Do…

January 2019 The January 2019 Fund Factsheets for the Salt Dividend Appreciation Fund & Salt Enhanced Property Fund are available here: Salt NZ Dividend Appreciation Fund Factsheet - 31 01 19 Salt Enhanced Property Fund Factsheet - 31 01 19

13th Feb 2019 - Carrick Lucas, Fixed Income Analyst No surprises from the RBNZ in today's Monetary Policy Statement with the OCR remaining on hold at 1.75%. While there were some subtle changes to the policy outlook, the statement was not as dovish as markets had anticipated. In this short video our recently-joined Fixed Income Analyst, Carrick Lucas, talks through…