Fund Manager News

January 22nd “You must always be able to predict what’s next and then have the flexibility to evolve.” Marc Benioff Each half, as part of our outlook for the coming six months, we provide a series of “anti-forecasts” for what will NOT happen over this period. This is a light-hearted way to approach the vagaries of forecasting…

Market Commentary Sometimes markets are referred to as being either ‘risk on’ or ‘risk off’.  What these jargon terms are referring to is whether investor behaviour is generally favouring riskier investments (risk on) and therefore buying such assets and pushing their prices higher, or fearful of losses and therefore investing in lower risk or safer…

23rd Jan 2019 “Why Diversified Funds need to be on the investment supermarket shopping list” Everyone knows the proverb “don’t put all your eggs into one basket”.  My mother’s interpretation, when growing up through the depression and war years, was don’t put all your savings into one bank. The proverb, could have saved many New…

29th Jan 2019 - Mark Brown This week saw the release of NZ CPI inflation for Q4 2018.  While headline annual inflation measure remained below 2%, the details showed core underlying pressures a little stronger than expected and continuing to lift to target. Rather than sparking any immediate change in policy direction, in our view, the…

Morphic's half year report for July to December 2018 is now available - covering what has happened in stock holdings and the market and the outlook for 2019. Read the full report here >

Johnson & Johnson - the writing was on the wall... Responsible investors can be forgiven for experiencing more than a little schadenfreude over Johnson & Johnson's tumble on US markets before Christmas. The US healthcare giant saw more than $54 billion wiped from its sharemarket value in a single day following reports that it knew…

Market Commentary, December 2018 Sometimes markets are referred to as being either ‘risk on’ or ‘risk off’.  What these jargon terms are referring to is whether investor behaviour is generally favouring riskier investments (risk on) and therefore buying such assets and pushing their prices higher, or fearful of losses and therefore investing in lower risk or…

December 2018 Fund Factsheets for the Salt Dividend Appreciation Fund & Salt Enhanced Property Fund. Salt NZ Dividend Appreciation Fund (Download here) Salt Enhanced Property Fund (Download here)

14th January 2019 Today we have some news to share which is both exciting and sad. Christian Hawkesby, our founding Head of Fixed Income, has resigned, to take up a new role as an Assistant Governor at the Reserve Bank of New Zealand. Christian has been an amazing colleague and leader for Harbour as we have…

This month Elevation provide background on the investment in Spotify, an update on their #NZXNOW engagement with the NZX re transparency and the commentary on the value Fund. Read on >

09 January, 2019 A SNAPSHOT OF THE KEY FACTORS DRIVING THE PERFORMANCE OF MARKETS AND YOUR FUNDS LAST MONTH New Zealand Growth Fund The New Zealand sharemarket was an island of calm in a storm during December, with flat performance and very low intra-month volatility compared to global stock markets that had very high levels…

Frank Jasper, Chief Investment Officer - 09 January, 2019 Well Santa didn’t deliver on my Christmas wish. December was incredibly volatile with markets around the World tumbling. New Zealand was, once again, a strong performer relative to other markets only falling 0.1% for the month. In contrast for much of the World it was a very weak…