Fund Manager News

14th November 2018 Harbour’s Managing Director Andrew Bascand and Senior Research Analyst Oyvinn Rimer travelled to Denver, Colorado for the Retail Outdoor conference. Why did we attend the Outdoor Retailer Winter Market? The Outdoor Economy in the U.S. alone is 3x bigger than the entire GDP of New Zealand The Outdoor Economy is growing and…

13th November 2018, Bevan Graham - NZ Chief Economist Congress divided – implications for tax, spending and trade policy A divided US Government is more often the norm than the situation we have experienced in the first two years of Donald Trump’s presidency whereby the Republicans have held the White House and both chambers of Congress (the…

October 2018 The Fund fell 5.4% last month, outperforming global markets which fell 7.6% in USD terms, experiencing the largest monthly fall in more than six years. The October sell-off was broad with all regions falling at least 7.0%. As at the 8th of November, the Fund is up 0.5% month-to-date, outperforming its benchmark by 0.2% ...…

October 2018 The October 2018 Fund Factsheets for the Salt funds are available here: Salt NZ Dividend Appreciation Fund Salt Enhanced Property Fund

October 2018 Market Commentary October saw an overdue sell-off across global share markets, the sharpest monthly drop since 2010 –ironically, coinciding with an earnings season in the USA producing the best growth since 2010. The sell-off was sparked by higher bond yields – the US 10 year bond rose sharply above 3.2% early in the…

October 2018 The October fund update is available here.

30th September 2018 The AMP Capital Responsible Investing Update provides quarterly fund commentary and performance for our Responsible Investment Leaders (RIL) Funds. It also provides an update on key responsible investment engagement themes. For the latest insights, read the Responsible Investing Update for the third quarter of 2018.

9th November 2018, Rebekah Swan Head of Distribution We are delighted to confirm today that Carrick Lucas has been appointed to the role of Fixed Income Analyst, effective 15 January 2019. Based in our Wellington office, Carrick will be supporting the Fixed Income team in the active management of cash and fixed income portfolios. This…

8th November 2018, Rebekah Swan Head of Distribution As recognised leaders in ESG and responsible investing, we have made significant progress this year with Public Markets ESG initiatives. Most notably, the recent completion of our divestment from all tobacco related stocks, signing the historic Tobacco-Free Finance Pledge at the UN, and achieving A/A+ ratings in…

2nd November 2018 Nikko AM have announced a change to the manager line up for Global Equity Funds. Full details here >

November MPS: hold the line The November Monetary Policy Statement from the Reserve Bank of New Zealand is released on Thursday. Since their last full MPS in August both growth and inflation have surprised to the upside. Despite that, we expect the RBNZ will hold the line on no change in rates for the foreseeable…

Harbour Outlook November 6th 2018 Key developments For much of the year, the main theme has been global bond yields inching higher as US Federal Reserve continues normalising interest rates; while at the same time equity markets also moved steadily higher, supported by solid global growth. However, finally in October equity markets experienced a noticeable…