Fund Manager News

Update by Elevation Capital - 2021 The Global Shares Fund Portfolio is updated regularly on our website so our investors can track and learn more about what they own. CLICK HERE TO VIEW THE ENTIRE GLOBAL SHARES PORTFOLIO SUMMARY REPORT MONTHLY FUND FACTSHEET INVEST NOW

On Thursday, New Zealand Finance Minister Grant Robertson delivered the 2021 Budget, a balance between fiscal responsibility and addressing several issues that New Zealand face in its post-pandemic recovery. Despite the improving global outlook, thanks to the vaccination rollout, Robertson has continued to reiterate that New Zealand is not out of the woods. Against a…

AMERICA’S U-TURN The U.S. economy has not had a really big economic boom since the Reagan tax cuts in the early 1980s. However, 2021 is shaping up to be another one, especially if the COVID-19 vaccinations succeed and the variants spreading around the world fail to produce more setbacks. The economy is snapping back, but…

The key themes for the New Zealand bond market in 2021 have been the steepening of the yield curve and relatively limited issuance, which has kept credit spreads tight. Inflation remains a risk, and demographics will be a major factor for an economy dependent on migration for growth. Steep yield curve, tight credit spreads The…

After a long period of falling rates, it looks like we’re about to see a reverse in this trend—at least for long-term rates. What’s driving the change and what could it mean for investors with exposure to bonds? The push for an increase in rates While the Reserve Bank’s Official Cash Rate looks likely to…

The housing market holds firm in first read post significant policy changes Yesterday’s Real Estate Institute of New Zealand (REINZ) data is the most significant indicator of the housing market since the significant policy changes introduced on 31 March. This relatively strong data suggests that it takes both supply and time to cool a housing…

Company culture can have a material impact on investment returns, says Chief Investment Officer and Portfolio Manager Mark Devcich. So why is culture so important?  Companies with strong culture can determine the success of a business. A company is just a collection of people, so the motivation and drive of those people will ultimately determine the…

Demand for better factory automation is providing global investment opportunities for Pie. Guy Thornewill, Pie's Head of Research UK & Europe and Senior Investment Analyst, explains. Global factory automation companies are thriving, as demand for innovation and efficiency soars. Pie is invested in companies in this sector to take advantage of the growth. What are the benefits…

Update by Elevation Capital - 2021 The Global Shares Fund Portfolio is updated regularly on our website so our investors can track and learn more about what they own. CLICK HERE TO VIEW THE ENTIRE GLOBAL SHARES PORTFOLIO MONTHLY FUND FACTSHEET INVEST NOW

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed interest, credit and equity markets. The New Zealand equity market (S&P/NZX 50 Gross with imputation) finished the month up 1.4%. The Australian equity market (S&P ASX 200) outperformed, rising 3.5% for the month…

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 Fund was up 3% for the month. F&P Healthcare (+12%) gained strongly off the back of the tragic increase in the spread of…

Warren Buffett, 91, is as famous for his wise words on investing as he is for being chairman and CEO of Berkshire Hathaway. This year, we joined the company’s annual meeting to hear the Oracle of Omaha’s pronouncements on casino-style investing, big tech, and the US economy.Buffett was, and is, an inspiration to many of…