Media

4th August 2021: This months commentary has been written by Devon's Portfolio Manager, Victoria Harris.

30th July 2021: Devon Funds Management and its parent company, Investment Services Group, have appointed June McCabe as an
Independent Director on both boards.

7th July 2021: As we rule off another quarter, the experience for equity investors remains a positive one. The US S&P500 Index closed on June 30 at a record high, having rallied more than 8% since March. Closer to home the returns have also been good, albeit recently it has been the Australian market which has been more productive than New Zealand. Over the past 3-months the S&P/ASX200 closed up 8.3%, whilst the S&P/NZX50 Index only managed to grind out an 0.8% return. Critical to the tone for equities has and continues to be a number of important macro drivers.

2nd July 2021: The New Zealand sharemarket could be headed for its toughest year in some time if it continues to track as it has done for the last six months.

As of June 30 the benchmark NZX50 index was down 3.34 per cent for the year to date, in stark contrast to other global markets.

The ASX200 is up over 9 per cent, while the S&P500 has risen more than 16 per cent this year and the Nasdaq is up over 14 per cent.

3rd June 2021: This month’s commentary has been written by Devon’s Chief Investment Officer and Portfolio Manager, Mark Brown. 

10th May 2021: Units in the Fonterra Shareholders Fund - which give investors outside the co-op access to its dividends - could soon become a thing of the past.

In its response to Fonterra's proposals, FSF Management, the manager of the Fonterra Shareholders' Fund, said a buyback would require a price to be negotiated between the manager's subcommittee and Fonterra.

The fund has 107.2 million units on issue, with a market capitalisation of around $493 million.

6th May 2021: This month’s commentary has been written by Devon Portfolio Manager, Tama Willis.

Recently I attended a UBS hosted virtual China Commodity Tour. In light of the observations that I had made back in a research note to you all in December 2020, I thought it would be useful to provide an update to those views given recent positive trends.

6th April 2021: This month’s interest piece has been written by Victoria Harris, Portfolio Manager of the Devon Australian and Sustainability fund. The integration of Environmental, Social and Governance (ESG) factors continues to grow in importance as a key component of the investment process. As a consequence, ESG-focused funds are attracting significant inflows. Underpinning this rising importance of ESG for investors is a number of drivers. Firstly, there is a continued regulatory transition from voluntary disclosures to binding legislation.

Investment Services Group (ISG), parent company to Devon Funds, has been awarded Toitū Enviromark Gold Certification.

3rd March 2021: 2020 will always be remembered for the COVID-19 pandemic. It was a year defined by massive uncertainties around our health, the social implications of shutdowns and distancing, and ultimately whether many businesses and sectors would survive at all. What must also be considered when we look back over the past 12-months though, is the manner with which many governments and central banks dealt with the crisis. In a world where lockdowns, masks and hand sanitizers are still the norm, major global economic policy initiatives have generally done their job.