Market & Portfolio Update - July 2020

24 August by Lifetime in Market Update, Investments

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.

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New Zealand’s gender pay gap is unlikely to be going anywhere anytime soon and the impact of earning less over a lifetime has an enormous effect on a woman’s immediate and future financial security. This is compounded by a lower level of workplace participation, a tendency to seek part-time casual work and bear the bulk of caring responsibilities for children and other family members. So how can women bridge the gap? Here are some tips on how to build wealth and make positive steps towards pay equity and financial independence despite and in spite of the hurdles women face.

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Lifetime continues its growth strategy to build a long-term sustainable financial advice business to serve New Zealanders with the joining of One50 Group. The deal adds accounting and property accounting partnerships, general insurance and business advisory services to the Lifetime advice suite.