Stuff your Dad would say...
David Boyle - Mint Asset Management I’m not sure if you have ever seen the George Clooney movie “The Perfect Storm” but it was the best analogy that I could think of, given how investment markets have been behaving since the beginning of 2022. Everything that could have contributed to a negative return for investors has come together and created a market where there have been few safe harbours to shelter in. The good news is, with a little bit of courage, maintaining a strong constitution,...
August 1, 2022History May Not Repeat But it Can Rhyme
At the start of this year, we asked the question “Is the inflation genie out of the bottle”? Looking back over the last six months, the short answer is Yes – or at least central bankers seem to think so. The longer-than-short answer is not for long. In our view, either inflation will dissipate of its own accord (the global economy adjusting to equilibrium), or the world’s central bankers will raise interest rates until inflation falls. We prefer the former scenario because the latter li...
July 15, 2022Economic Commentary June 2022
Equity markets fell into bear territory over the June quarter.Historically, investors have enjoyed outsized returns following a bear market.The economic picture is very complicated, with upside and downside risks.While markets are pricing in a recession it is not inevitable.Global, NZ and Australian equity markets fell over the quarter, with value and emerging market stocks falling less.Fixed income has been a challenging area.Alternative asset classes have added substantial value to portfolio r...
July 12, 2022Economic Commentary March 2022
Main points of the full commentary (available for download above):Russia’s invasion of Ukraine had a large impact on markets over the quarter. Most asset classes suffered, but there were a few bright spots. Most equity markets fell, with the notable exception of Australia given its large exposure to resources and energy. Fixed income returns were generally poor as markets priced-in higher interest rate levels. But short-term bonds funds out-performed as did listed infrastructure. ...
April 19, 2022Economic Commentary December 2021
Economic and Market Commentary for the December Quarter 2021 Market performances were mixed Market performances were mixed in the December quarter. Bonds again performed poorly, and New Zealand equities couldn’t repeat their September quarter strength. Emerging market (EM) equities treaded water, while developed large cap equities performed well. At the other end of the spectrum property and infrastructure enjoyed exceptionally strong returns. The performance differences ref...
January 14, 2022Economic Commentary September 2021
Markets performances were mixed Market performances were mixed in the September quarter. Bonds performed poorly, particularly in New Zealand, yet New Zealand equities enjoyed a very strong performance. Emerging market equities had a poor quarter, but developed large cap equities performed well. The performance differences reflected cross-currents in macroeconomic conditions and country or sector specific factors. Global growth is still strong, but rising inflation and th...
October 21, 2021FMA: World Investor Week 2021
We’re helping New Zealanders take a mo before they jump into an investment. If you’ve got investing FOMO, first consider the Five D’s of DIY investing. The Five D’s of DIY Investing Do your due diligenceDrip feed your investmentsDiversifyDon’t freak out if markets go downIn Doubt? Talk to a financial adviser. For more information on investing via online platforms, see our Online Investing Platforms pages.PANELS AND WEBINARS Free personal finance webinarJoin AUT Senior Lecturer with th...
October 6, 2021Economic Commentary June 2021
Markets continue their climb Most equity markets continued to climb over the June quarter, extending their record highs. Robust economic growth, vaccine rollouts and ongoing or newly promised stimulus programs far outweighed concerns around re-surging Covid cases and lock-downs in some regions and countries. However, it wasn’t plain sailing across all asset classes. Fixed-income returns were weak as cost pressures and inflation risk concerns continued to mount. As disc...
July 19, 2021Rental Property vs a Diversified Investment Portfolio
I am often asked whether it is better to invest in a rental property or into a diversified investment portfolio. To help answer that question I will quickly outline the differences in this apples and oranges comparison....
July 31, 2020How has COVID affected Taiwan’s economy?
COVID-19 brought the global economy to a sudden stop, causing shocks to supply and demand. Taiwan has been one of the notable successes of the COVID-19 crisis so far. It has prevented a rapid spread of the COVID-19 disease without going into total lockdown. People in Taiwan have been able to maintain many of their freedoms, retaining key elements of a normal life. Major reasons for Taiwan’s success include: previous experience with SARS, implementation of some of the world’s toughest bo...
July 29, 2020Why is my financial adviser asking so many questions?
Imagine you had made an appointment with your GP because you were feeling unwell, and as soon as you sat down, the doctor wrote you a prescription and sent you on your way. I'm sure you'd be quite upset. How could your doctor prescribe a remedy without understanding what was wrong? A good GP would ask about your history and symptoms, perhaps recommend tests, or discuss a diagnoses and treatment options before handing you a prescription. It's the same with a good investment adviser. Before w...
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