• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Subscribe
  • Twitter
  • RSS Feed

Investment News NZ

Investment News provides financial advisers news stories from the financial industry in New Zealand. Subscribe to our free weekly newsletter.

  • Home
  • News
  • Kiwisaver
  • Subscribe
  • About
  • Advertise
  • Contact
You are here: Home / Investment News / Listed property, equities, keep investors dry in July, survey finds

Listed property, equities, keep investors dry in July, survey finds

August 23, 2015

While world markets took a dive early in August – including across the board falls of about 3 per cent in most major bourses last Friday – the previous month held mainly good news for New Zealand institutional investors, according to the latest Aon Hewitt Investment Consulting Report.

The July Aon Investment Update found all asset classes and virtually every manager included in the survey reported positive returns over the month with listed property and equities stand-out performers.

Property was the top asset class during the month with both “domestic and global property funds rebounding after a disappointing June”, with the respective benchmarks returning 4.1 per cent and 5.3 per cent, the Aon survey says.

Over the month the global equities (unhedged) and New Zealand shares benchmarks returned 2.7 per cent and 3.2 per cent respectively.

However, during the three months to July 31 unhedged global shares outperformed the next-best asset class (Australasian listed property) by almost 8 per cent, with the index returning 12.7 per cent for the period and the median offshore equities manager in the survey hitting 14.4 per cent.

Guy Fisher, Aon investment consultant, said the international shares outperformance was driven largely by the falling NZ dollar over the period.

“Much of this [global shares performance] is currency (reported returns are unhedged), but many portfolios are around 50 per cent hedged so returns will still be very strong,” Fisher said.

Of the 16 global equity funds in the Aon survey, only the Russell Emerging Markets fund fell into the red in July, dropping 4.6 per cent over the month, with Magellan (5.5 per cent monthly return) the top performer over all reported periods.

“There has been a sharp dispersion between emerging markets and developed markets over the last three months,” Fisher said. “Mainly driven by events in China.”

All Australasian equity managers in the survey recorded positive returns over July with Fisher Funds Trans Tasman Equities on top with 4.2 per cent and the Devon Trans Tasman fund the weakest on 2.2 per cent.

However, Devon was “the strongest fund over one year (24.3 per cent) and three years (26 per cent)”, Aon says.

The Mint Trans Tasman fund topped the five-year charts, reporting an annual 20.1 per cent return over the period.

Despite recording reasonable long-term numbers, the two Milford Australasian equity funds in the Aon survey underperformed during July.

“The Salt NZ equity funds have also underperformed over the last three months,” Fisher said. “This coincides with them taking on the AMP mandate, though it would be unfair to link the two events.”

However, he said the Salt Long/Short Fund – a rarity among NZ managers – “had a pretty successful first 12 months”, he said.

All local and global bond funds in the Aon survey also reported a positive July, with the median manager in the respective asset classes returning 1.4 per cent and 1.3 per cent.

Over the five years to the end of July, the median manager in each of the seven major fixed income, cash and equity asset classes covered in the Aon survey outperformed their respective benchmarks.

Print Friendly, PDF & Email
Twitter0
LinkedIn0
Google+0
Facebook0

Read More » Investment News

Recent articles

  • Brian Gaynor: a personal obituary May 22, 2022
  • Value-for-regulation: more money for FMA as funding boost, levy rise confirmed May 22, 2022
  • Adviser association wind-up on table as PI board stoush erupts May 22, 2022
  • Budget flags annual KiwiSaver contribution spike to $9.5bn May 22, 2022
  • Trust up but CFA survey finds insto-retail crisis disconnect May 22, 2022
  • Restoring active pride, JANA debunks outperformance prejudice May 22, 2022
  • Crypto a no-go for instos: PGIM May 22, 2022
  • BetaShares comes to town as NZ product looms May 22, 2022
  • So derivative: Australian regulator moves further on regional trading standards shake-up May 22, 2022
Finished reading? Why not subscribe? To receive a weekly email enter your email address here.

Primary Sidebar

WEEKLY NEWSLETTER

Sign up here to receive our weekly newsletter.
Learn More »

Investment News

  • Brian Gaynor: a personal obituary May 22, 2022
  • Value-for-regulation: more money for FMA as funding boost, levy rise confirmed May 22, 2022
  • Adviser association wind-up on table as PI board stoush erupts May 22, 2022
  • Budget flags annual KiwiSaver contribution spike to $9.5bn May 22, 2022
  • Trust up but CFA survey finds insto-retail crisis disconnect May 22, 2022
  • Restoring active pride, JANA debunks outperformance prejudice May 22, 2022
  • Crypto a no-go for instos: PGIM May 22, 2022
  • BetaShares comes to town as NZ product looms May 22, 2022
  • So derivative: Australian regulator moves further on regional trading standards shake-up May 22, 2022
  • Vale Brian Gaynor May 16, 2022

Search by Keyword

Most Recent Investment News

Brian Gaynor: a personal obituary

May 22, 2022

Value-for-regulation: more money for FMA as funding boost, levy rise confirmed

May 22, 2022

Adviser association wind-up on table as PI board stoush erupts

May 22, 2022

Budget flags annual KiwiSaver contribution spike to $9.5bn

May 22, 2022

Trust up but CFA survey finds insto-retail crisis disconnect

May 22, 2022

Investment News Archive

Most Popular Articles

  • NZ share-trading splurge could trigger tax alarms… posted on October 5, 2020
  • Flint set to spark platform competition posted on August 17, 2020
  • Westpac NZ flags retail advice sale to Forsyth Barr posted on October 19, 2020
  • The horror year in technicolour: free KiwiSaver 13 report released posted on September 30, 2020
  • Four to the core: Smartshares to expand, rearrange and reprice ETFs posted on June 22, 2020
  • Government dumps five defaults adds two in major overhaul posted on May 14, 2021
  • Kiwi Wealth hits the bigger time posted on November 26, 2017
  • NZ Funds directors back on board posted on April 24, 2016

Sponosored Content

Why timing the market is a fool’s game

An active investment manager’s lockdown toolkit: impacts, learnings and benefits

Mint chief executive, Rebecca Thomas

Join the club: financial wellbeing for women

Ensuring good customer outcomes

Quick-links to Popular News

  • FAP Compliance
  • Coronavirus
  • New Appointments
  • Financial Markets Authority (FMA)
  • Kiwisaver
  • Climate Change
  • Crypto Currency
  • Blockchain
  • Insurance

Secondary Sidebar

Recent News

  • Brian Gaynor: a personal obituary May 22, 2022
  • Value-for-regulation: more money for FMA as funding boost, levy rise confirmed May 22, 2022
  • Adviser association wind-up on table as PI board stoush erupts May 22, 2022
  • Budget flags annual KiwiSaver contribution spike to $9.5bn May 22, 2022
  • Trust up but CFA survey finds insto-retail crisis disconnect May 22, 2022
  • Restoring active pride, JANA debunks outperformance prejudice May 22, 2022
  • Crypto a no-go for instos: PGIM May 22, 2022
  • BetaShares comes to town as NZ product looms May 22, 2022
  • So derivative: Australian regulator moves further on regional trading standards shake-up May 22, 2022
  • Vale Brian Gaynor May 16, 2022

Footer

Copyright ©2022 InvestmentNews.co.nz — All Rights Reserved — Terms & Conditions