Media

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the latest positive news on the trade front with NZ's current account deficit narrowing, and the key takeaways from this morning's Fed meeting. He also discusses claims that global oil demand has peaked. 

To listen to the full market update by Greg Smith please click here.

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about weak retail sales numbers out of the US and what this means for the Fed meeting which is underway. Back home, he ponders the still astonishing rise in food prices. Also, up for discussion is one of the surprises from the Bank of Japan's policy meeting. 

To listen to the full market update by Greg Smith please click here.

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the hurdles facing a ~A$30 billion takeover bid for energy giant Santos, and what has driven a takeover bid for campervan operator Tourism Holdings. He also discusses whether a surge in retail sales last month means China is in better shape than previously thought. 

To listen to the full market update by Greg Smith please click here.

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the impact of soaring oil prices amidst escalating tensions in the Middle East, and how this could also affect US consumers who have been feeling more optimistic of late. Back home, he discusses what the Kiwi manufacturing sector slipping back into contraction says about the broader economy.

To listen to the full market update by Greg Smith please click here.

Devon Funds Head of Retail Greg Smith talks with ZB's Mike Hosking on why Kiwi consumers should get out and spend following the latest card spending numbers. He also reviews how AI has driven a huge result from software giant Oracle, and why there should be cautious optimism over a soft wholesale inflation print in the US. 

To listen to the full market update by Greg Smith please click here.

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about some mixed news for the Kiwi economy with net migration at the lowest levels since 2014 (ex-Covid), but tourism numbers are pumping. He also discusses why potential buyers may be attracted to Fletchers and casts his view on the latest US inflation numbers which have come in on the soft side. 

To listen to the full market update by Greg Smith please click here.

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about more good news for the Kiwi agricultural sector, with our biggest apple producer raising earnings guidance. The champagne however may be on ice for the broader kiwi economy with the light and heavy traffic indices both falling in May. Meanwhile, the prospect of further rate cuts across the Tasman has increased following the latest prints on consumer confidence and business conditions.

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about why China and Japan may both be more motivated to get a trade deal done with the US following data out Monday. He also looks at how the Kiwi agricultural sector appears to be taking tariffs in their stride, with red meat exports to the US up 39% in April from a year ago.

To listen to the full market update by Greg Smith please click here.

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the relief around a strong set of US jobs numbers and the outlook for Tesla after the end of the bromance between Elon Musk and Donald Trump. He also discusses why SkyCity has taken the gloves off against Fletchers, suing the company for over $330 million.

To listen to the full market update by Greg Smith please click here.

An interest piece written by Greg Smith, Head of Retail at Devon Funds.

The old market adage about “selling in May and going away” turned out to be the antithesis of sage advice. Stock markets globally performed strongly last month, with investors encouraged by what appeared to be a de-escalation of trade frictions. The White House rolled out its first deal with the UK, European tariffs were paused, while tensions also cooled a little between the US and China, with both agreeing to bring tariffs down from nosebleed levels.