• Multi-Asset Funds: April 2023

    Jarred Sullivan

    Equity markets climbed slightly higher over the month amid better-than-anticipated earnings releases.

  • Global Strategy Fund: April 2023

    Ashburton Investments

    The star performer for the month was the concentrated equity manager, Mundane, which returned +2.8%.

  • Global Equity Income Portfolio: April 2023

    Dr James Cooke

    Diversified Energy was added to the model portfolio. The company offers a high dividend yield of over 15% which looks secure given the high proportion of its gas production hedged at attractive gas prices.

  • Global Leaders Equity Portfolio: April 2023

    Dr James Cooke

    The consumer staples names held have successfully been passing on inflation, and our healthcare, technology companies and the luxury goods names have also been less impacted than the general market.

  • Global Equity Growth Portfolio: April 2023

    Dr James Cooke and Kathy Davey

    Smith and Nephew, the medical technology company, provided a sales update suggesting that our investment case of a resurgent number of elective procedures. The firm remains on a large multiple differential to peers.

  • Global Leaders Equity Fund: April 2023

    Dr James Cooke

    Novartis surprised the market with a better than anticipated operational performance and uptake of new products.

  • Global Equity Growth Fund: April 2023

    Dr James Cooke and Kathy Davey

    Leading indicators suggest that we are past the peak of inflation which should reduce from here.

  • Global Equity Growth Fund: March 2023

    Dr James Cooke

    March featured not just one, but two major bank failures.

  • Global Strategy Fund: March 2023

    Ashburton Investments

    Global financial markets recorded a strong month despite volatility caused by panic in the banking sector following the collapse of Silicon Valley Bank and generally hawkish comments made by the US Fed.

  • Multi-Asset Funds: March 2023

    Jarred Sullivan

    To address fragilities in the global banking sector, the Fed has increased the frequency of their central bank swap lines with other major central banks.