Fund Manager News

BLOOMBERG - China Everbright and China Water Affairs favoured Jack Lowenstein, chief investment officer at Morphic Asset Management, talks about opportunities in Chinese environmental stocks on Bloomberg. Click here to see what Jack had to say >

18th September 2018 When there is muck, there is brass - Part II After going up more than 10% after we first bought the stock late in 2017, CEI’s shares began an inexplicable slump in the second quarter of 2018. Our ‘stop-loss’ policies ensured that we sold the shares as soon as they fell to…

The August update has been published for the Elevation Capital Value Fund. Read the full update >

The Elevation Capital Value Fund re-acquired an investment in Daimler as the threat of tariffs continued to weigh on the automaker's shares, despite the company releasing it's first electric vehicle - EQC, and providing a detailed snapshot of how they view the future of mobility. Watch the EQC trailer > Watch "The Future of Mobility"…

14th September 2018 Harbour's Managing Director Andrew Bascand  visited China last week and met with companies and commentators, to dig beneath the data and get a sense of the current issues. We visited many malls and shopping centres. In particular we went to mother and baby stores to experience the consumer in action and witness…

When credit rating agencies fail David McLeish, Senior Portfolio Manager 1st September 2018 News last month that the Chinese credit rating agency, Dagong Global Credit Rating, had its license suspended is yet another chapter in the less-than-illustrious history of the credit rating industry. Irregularities that include giving companies higher credit ratings than their financial standing…

Portfolio update: healthy opportunities in the United States Chris Waters, Senior Portfolio Analyst 1st September 2018 I was recently travelling through the United States meeting with a number of companies. We travel there regularly to spend time with the management teams of our portfolio companies and to look for new investment ideas. While there, I…

Weathering a financial shock: robust trumps resilience Frank Jasper, Chief Investment Officer 3rd September 2018 The theme for this year’s Sorted money week is building financial resilience. Resilience is defined by the ability and speed taken to recover from a shock. This is a laudable goal. Our job as active investment managers is to go…

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 share market had a strong August with the New Zealand Growth Fund gaining 4.9%. Portfolio performance was driven by double-digit performance by…

Frank Jasper, Chief Investment Officer 3rd September 2018 Carrot or stick? Inspire or scare? I have always been a fan of the positive. So when retirement comes to mind, it’s mental images of relaxing tropical islands, steaming bowls of pasta after days spent on the Italian ski slopes and new cars. That is not the…

"These are bullets, cannonballs and missiles of an economic war waged against our country" President Recep Tayyip Erdogan of Turkey. Market Commentary The S&P500 was up over August, delivering its fifth consecutive monthly gain. Equity valuations in developed markets - particularly the US- remain high, yet stock prices continue to rise. We maintain a defensive…

Annual reports for the financial year ended 30 June 2018 are now available. Download the full annual reports here >