Market & Portfolio Update - July 2020
Global share markets continued to rise following the volatility we saw during March, up a further 3% in July. This continued the theme of previous months as share markets are looking through rising cases of Covid-19 in the United States to news of potential vaccine developments, higher profits from some tech companies relatively immune to the virus, and support from governments and central banks. Fixed Interest investments also made a good contribution to fund returns, with bonds rising in value amidst the continued stimulus from central banks.
In addition to the general rise in markets, the portion of global share investments that are managed in conjunction with Rothschild continued their strong performance. Standout returns came from Alibaba (Chinese e-commerce giant), Linde (multi-national industrial gas company), and Danaher (US-based conglomerate) which each gained more than 10%.
The rise in markets since March combined with the gains from our active management mean that returns over the last 12 months are now solidly positive for all of Booster’s core diversified funds. This positive gain despite the disruptions to world economies over this period is testament to the importance of sticking to an appropriate long-term financial plan during both rough and calm seas.
Lifetime Book Club: Atomic Habits by James Clear
This month, we’re kicking off the new year with a game-changer for personal growth - Atomic Habits by James Clear. Whether you’re looking to save more, get fitter, or just make life a little easier, this book is the ultimate guide to creating habits that stick.
Debt Detox: Break Free in 2025
Debt. It’s heavy, exhausting, and sometimes feels like a trap you’ll never escape. You’re not alone - 59% of Kiwis say their finances have affected their mental health. But here’s the good news: debt doesn’t have to define your financial future. This year, let’s turn the tide and make 2025 the year you take control.
Here’s your step-by-step guide to detoxing your debt and reclaiming financial freedom.