Market & Portfolio Update - July 2018
Market & Portfolio Update - July 2018
Share markets again rose moderately for the month, which saw investment fund returns resume their gradual upward path. Higher growth funds benefited more from good returns on shares in emerging markets, with Chinese shares now up 25% over the past six months.
While political posturing is heating up ahead of the New Zealand election, so far the likely effects for the NZ share market do not appear overly significant, and local shares have also continued to gain.
During July, Booster investment funds expanded their unlisted investments with the purchase of Waimea Estates, Nelson’s second-largest winery, and its associated vineyards. While still a relatively small part of overall portfolios, this further broadens their scope and provides a land-based investment at an attractive yield, as well the opportunity to grow Waimea’s established wine-making and marketing operations.
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.
A look back at when the world feared the worst
On August 2, 1990, the world woke up to a grim headline: “Iraq Invades Kuwait; Oil Prices Soar, Markets Plunge.”
Saddam Hussein's forces had crossed into Kuwait, triggering fears of a prolonged conflict in the oil-rich Middle East.
The immediate market reaction was swift and severe.
Lifetime Book Club: The Let Them Theory
In a world where we spend so much energy trying to control outcomes, manage other people’s opinions, and keep everything on track, this book offers a different approach. One that suggests peace comes not from controlling more, but from letting go.