Market & Portfolio Update - June 2018

25 July by Lifetime in Market Update, Investments

Market & Portfolio Update - June 2018

June was a fairly quiet month for world share markets, with most investment funds relatively flat – although this capped off a solid overall first half of the year. Our own NZ share market was the stand-out, helping to offset the effect of a further 3% rise in the NZ Dollar on the value of overseas share investments.

The NZ Dollar’s rise was in tandem with higher long-term market interest rates, as European Central Bank President Mario Draghi acknowledged that the European economy has been growing well – this was seen as hinting at official interest rate hikes moving closer.

More generally, a number of risk factors facing markets have not turned out as badly as initially feared over the past two years. Together with good economic fundamentals, this has supported funds slightly increasing their global share investments during June.

We also added shares in Swiss company Givaudan, a well-entrenched provider of fragrances and food products around the world. The change was funded by selling some shares in Louis Vuitton Moet Hennessy, locking in strong gains over the past year.

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.

by Lifetime in Market Update

Global share markets experienced some volatility during the month, falling modestly for the first time since January. This was in part due to expectations of rising global interest rates over the coming months.

by Lifetime

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.