• Following a tumultuous first quarter, investment markets rose strongly and recovered much of the prior period losses. After one of the sharpest market falls in history, we then had one of the fastest market rallies with investment portfolios performing well.
    Posted: Wednesday 15 July 2020
  • It has been a most extraordinary quarter for countries, communities, economies, and investment markets. Historically sharp economic downturns and market corrections normally occur when excessive financial conditions (the Great Financial Crises) have finally tipped over or a demand or supply shock occurs. This time the global economy has been brought to a standstill by a virus pandemic, or, more accurately - by government containment responses to the pandemic. Containment means we are having both a supply and demand shock for goods and services at the same time. This is unprecedented even by war events.
    Posted: Sunday 12 April 2020
  • December quarter market returns were mixed with international and Australasian shares performing well while fixed interest investments were negative on rising longer term interest rates. Portfolio returns
    Posted: Friday 17 January 2020
  • All asset classes performed steadily over the quarter generating solid returns for investment portfolios. Central banks either cut interest rates or maintained an easier rate outlook which supported bond, property and share market returns.
    Posted: Thursday 17 October 2019
  • Portfolios continued to perform well over the quarter despite significant investment market angst over the US/China trade war, rising middle east tensions, broadening Trump trade war rhetoric and increasing concerns for global economic growth.
    Posted: Wednesday 17 July 2019
  • The quarter marked a sharp recovery in investment markets as investors bought back into cheaply valued assets and as central banks globally, but particularly in the US, signalled lower interest rate policies in response to slowing economic activity
    Posted: Thursday 18 April 2019
  • Last quarter we wrote that greater market volatility was expected given elevated values in some markets and the potential for a higher interest rate rise outlook. The quarter turned out to be even more volatile than we expected with a sharp market retreat triggered when the US Federal Reserve Bank suggested interest rates may need to be higher than markets were expecting. Conditions deteriorated further into the quarter with negative sentiment coming from the escalating US / China trade war, daily Trump tweets unnerving markets, the Brexit impasse, US government funding stalemate and also sharply lower energy prices. To add to the pressure high-volume market trading programmes exacerbated daily volatility particularly, in the US.
    Posted: Friday 18 January 2019
  • It was a very positive quarter for portfolios but at the time of writing much of these gains had been given up post the quarter end. This increased volatility had been expected at some point but of course, no one knows when and how much markets will move.
    Posted: Wednesday 17 October 2018
  • NEWTON ROSS - Economic and Market Summary - June 18
    Investment markets were mostly stronger over the quarter helping portfolios generate solid returns and assisting recovery from the sharp dip in global sharemarkets in early February this year. Developed country sharemarkets, bonds and commodities were positive for the period while a weaker NZ dollar helped by lifting the values of offshore investments in portfolios.
    Posted: Tuesday 17 July 2018
  • NEWTON ROSS - Economic and Market Summary - March 2018
    After a positive and low volatility year in 2017, the last two months of this quarter have been hectic. Higher than expected US interest rate prospects triggered a fall in global share markets in February though much of the volatility was attributable to high frequency programme trading. Markets recovered in late February only to sell down again at the end of March and early April on rising US/China trade tariff concerns.
    Posted: Monday 23 April 2018
  • NEWTON ROSS - Economic and Market Summary - December 2017
    It has been a very strong quarter for share markets, commodities and listed property investments while fixed interest bonds also provided a more modest contribution. Client portfolios outperformed most of their respective investment sectors for the period though bonds were slightly under due to our more conservative positioning. All but conservative portfolios registered double digit net returns for the year.
    Posted: Friday 19 January 2018
  • NEWTON ROSS - Economic and Market Summary - September 2017
    It was a positive quarter for the global economy with increasing synchronisation of economic activity and better investment market returns despite heightened geo-political risks including here in New Zealand. Economic data over the period was consistent with growth remaining on track for all major economies with Japan, Europe and China surprising on the upside while the US is slower than expected as Trump’s government so far fails to deliver the fiscal stimulus (tax cuts and government spending) promised.
    Posted: Tuesday 24 October 2017