Market & Portfolio Update - August 2018

14 September 2018 by Lifetime in Market Update, Investments

Market & Portfolio Update - August 2018

Market & Portfolio Update - August 2018

August was a relatively quiet month for share markets, but with currency movements boosting fund returns. The New Zealand dollar fell 5% against the major currencies and this helped the performance of New Zealand investors with investments off shore, reinforcing the importance of global diversification.

Emerging markets (e.g. China, Brazil, Russia) were the standout share markets during August. The fortunes of these markets are typically tied to the performance of commodities as they are some of the largest producers and consumers of a number of different commodities.

We made some changes to funds’ global share investments, to improve their overall return prospects relative to risks. We sold shares in oil rig owner National Oilwell Varco, switching to the more diversified, larger oil services firm Schlumberger. We also sold shares in American Express, whose shares are up strongly over the past year, reinvesting in Visa. These changes are covered in more detail over the page.

Disclaimer: This article has been prepared for the purpose of providing general information, without taking into consideration any particular investor’s objectives, financial situation or needs.  Any opinions contained in it are held as at the report date and are subject to change without notice.

preview image - Business Must Do’s Before the End of the Financial Year

Business Must Do’s Before the End of the Financial Year

As the end of the financial year approaches on 31 March 2024, there are a few things to take a look at to ensure you are prepared. We’ve built a checklist of reminders to make sure that you don’t miss a step.

28 March 2024 by Hope Etienne in Accounting
preview image - Market & Portfolio Update - February 2024

Market & Portfolio Update - February 2024

Markets have started 2024 on the front foot, with global shares up almost 10% in New Zealand dollar terms. The theme of AI integration and its impact on companies continues to play an important role, with technology businesses leading the market.

12 March 2024 by Lifetime in Market Update