Fund Manager News

Inflation is likely to surge through the Reserve Bank of New Zealand’s (RBNZ) 2% target in the coming months, reflecting mostly temporary factors that could easily reverse. But there is a risk that inflation becomes more persistent, something the market may be underestimating. We think medium-term inflation risks are skewed to the upside and have…

We thought we should address the issue of the second wave of COVID-19 infections in India, by putting together a short note. We express our deepest sympathies for people who have lost their lives during this pandemic, not only in India, but across the world. That tally stands at above 3.1m. Of this, unfortunately 195,000…

Global demand for bikes has boomed since Covid-19. Toby Woods, Pie’s London-based senior investment analyst for Global and UK & Europe funds, explains why the sector is providing excellent investment opportunities for Pie.  Did you buy a bike during lockdown? If you did, you weren’t the only one. The bike industry is struggling to meet demand from…

Mass vaccination is in full swing in many countries. How will it impact global markets? Pie Funds CEO and Founder Mike Taylor explains. The Covid-19 pandemic has significantly changed the business – and therefore investing – landscape. Some sectors have barely survived, while others have thrived. And entirely new sectors have emerged completely. Places like the UK…

Challenging Times for the Market’s Speculative Elements We are now one full year on from the COVID-19 outbreak and the subsequent initial lockdowns that resulted in a collapse in global economic activity and stock markets. While the pathway of the virus has been one of rolling waves in response to lockdowns, reopenings and now the…

New Zealanders don’t always think of Australia when looking for investment opportunities. However, there are a number of high quality Australian companies that have delivered rewarding investment performance over many years for those prepared to venture across the ditch. Over the three years to 31 March 2021, Fisher Funds’ Australian Growth Fund has returned 15.6%…

Another week and more all-time highs for US equity markets as the economic outlook continued to improve thanks to some upbeat economic data and easing of bond yields. In the US, the S&P 500 and Dow Jones Industrial Average all traded to record highs, rising around 1.3% for the week. New Zealand equities followed international…

Update by Elevation Capital - 13th April 2021 The Global Shares Fund paid a 4.25 cents per unit distribution as at 31 March 2021. This is reflected in the latest price and return data. Investors can track their individual investment returns at My.EC. The Global Shares Fund Portfolio is updated regularly on our website so our investors can track and learn…

International equity markets continued their good showing last week, with several indices trading to new all-time highs. In the US, the S&P 500 recorded its third-straight weekly win, trading above 4,100. Meanwhile, in Europe, the Euro Stoxx hit its highest level in more than a decade, finishing the week up around 1%. New Zealand equities…

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. Both New Zealand equity and bond market returns bounced back in March with the S&P/NZX 50 index returning 2.7% and the Bloomberg NZ Bond Composite 0+ year Index…

This month CEO and Founder Mike Taylor discusses the past 12 months of the pandemic. REFLECTING ON THE PANDEMIC The good, the bad, and the ugly We have now passed the first anniversary of the 2020 market lows and the first Covid-19 lockdown which, coincidentally, happened on the same day. Let’s take a look back,…

Chief Investment Officer Mark Devcich discusses the latest market conditions. March saw a substantial rotation from growth stocks to value stocks as positive vaccine news flowed in the US and UK. The MSCI Growth Index recorded a return of 0.86% vs the value index at 4.8% ,which brings the YTD returns to 10.9% vs 0.3%…