Market & Portfolio Update – September 2019
Market & Portfolio Update – September 2019
September was a positive month for most share markets across the world, bouncing back from some softness in August. Markets were supported by the Federal Reserve in the US reducing their cash rate for the second time this year. The Fed is looking to provide some support for their economy with growth slowing recently.
The NZ dollar continued to decline following the 0.50% OCR reduction last month, which will please the Reserve Bank of New Zealand. The lower NZ dollar supports NZ exporters and the returns of unhedged overseas investments.
Despite bond yields offsetting part of their recent decline in September, a 0.3% net fall in US 10-year yields over the quarter and a 0.5% fall in NZ has meant that fixed interest securities have performed well.
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.
Lifetime Book Club: The Green Mile by Stephen King
Sometimes the most powerful stories aren’t the ones that scare us. They’re the ones that move us.
Stephen King might be best known for horror, but The Green Mile is a story of humanity, compassion, and courage in the face of unthinkable circumstances. Set in a 1930s prison, it follows Paul Edgecombe, a death row officer, and John Coffey, a man with extraordinary empathy and an inexplicable gift.
The Growing Divide: Why Private Medical Claims Are Surging in New Zealand
It feels like there is another headline about our public health system being under pressure every week. Long waitlists, staff shortages, and hospitals struggling to keep up. It is no surprise that more Kiwis are turning to private healthcare to get the treatment they need and faster.