Pavan Sharma

Market sentiment has become dominated by speculation around the next moves by central banks across the globe, which have generally implemented easing measures that have propped up stock prices and seen bond yields move lower in recent years. As a result,

The NZ Model Portfolio was up 1.2% in September, ahead of the market NZX 50 index which was down -0.5%. Since inception, the NZ portfolio has now outperformed the general NZ market by 8.8% and is up +39.0% in absolute terms.

Since our last update in June, Fletcher Building (FBU.NZ / FBU.AX) shares continue to power ahead, up another +20%. After trading sideways over the last few years, it seems as though FBU is finally playing catch-up with the rest of the NZ stock market.

While equity markets are reaching new heights, bond yield around the world are moving lower. Germany is on the verge of joining Japan and Switzerland in having 10 year bonds which yield less than zero. Given bond yields are at such low levels around the w

Wine company Treasury Wine Estates (TWE.AX) jumped 11.5% as profits more than doubled to $179.4 million (compared to $77.6m in the same period last year) as Asian demand continues to drive robust growth for the company. TWE has been one of our strongest h

For the second time since Friday, stocks and bonds have sold off together, leaving investors few places to hide. Equity markets and Bonds have been held up by accommodative central bank actions around the world. Now that there are signs of a reversal, wit

Markets have been very calm and we have now seen a 35-day streak of market calm without a daily move of more than 1% in the US stock market index. While August is generally quiet given it is summer vacation in America, this is the longest stretch of low v

Heading into the meeting, the outcomes of Jackson Hole could not only significantly drive interest rate expectations, but also set the tone for markets generally for the remainder of the year, in our view.

AU/NZ Earnings Season Update