Market & Portfolio Update - October 2018

1 November by Lifetime in Market Update, Investments

Market & Portfolio Update - October 2018

Market & Portfolio Update - October 2018

Share markets continued their 2017 ascension during October, with a moderate 3% gain boosted further by the New Zealand Dollar falling 5%.   For New Zealand investors, the fall in our local currency reinforces the diversification benefits of holding foreign investments, which rise in value when the currency falls.

While exchange rate changes have featured this month, the real story driving markets is global economic growth continuing to expand all around the world.  This is one of the pillars supporting global share markets’ good performance since the start of the year.

With many investors globally remaining arguably too cautious about the current economic expansion, we have, in the vein of Warren Buffett, slightly increased funds’ global share investments during the month of October.

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.

What do travel and retirement planning have in common? At first glance not much, however, whilst visiting the UK recently I was reminded of this saying at the London Tube stations – “mind the gap”. Most visitors to London have heard the words “mind the gap” when travelling on the tube.

by Lifetime in Market Update, Investments

September was a positive month for most share markets across the world, bouncing back from some softness in August.