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12 Aug, 3:17pm

Devon Funds Morning Note - 12 August 2025

The US indices eased on Monday ahead of prints on consumer and producer prices due out this week. Investors will be focussing on the impact of tariffs on inflation, even as markets have largely priced in a Fed rate cut next month

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12 Aug, 2:40pm

Spark announces sale of 75% of data centre business

Spark New Zealand (Spark) today announced it has entered into an agreement to sell a 75% interest in its data centre business to Pacific Equity Partners (PEP). The investment will be made from PEP’s Secure Asset Fund, which invests in infrastructure

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11 Aug, 12:28pm

Devon Funds Morning Note - 11 August 2025

The Nasdaq reached a fresh record high on Friday, gaining 1% to 21,450. The S&P 500 rallied 0.8% to close around all-time highs, and the Dow finished up 0.5% higher. For the week, the indices climbed 3.9%, 2.4%, and 1.4%, respectively

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8 Aug, 10:50am

IFT - Agreement to Sell RetireAustralia

Infratil and the New Zealand Superannuation Fund (NZ Super) have entered into a binding agreement to sell their 100% interest in RetireAustralia to Invesco Real Estate, the global real estate investment business of Invesco Ltd., for A$845 million

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Featured Article:



Article of the Week

8 Sep, 12:40pm

Now is the time to reassess your investments

If you have listed NZX and ASX investments and you are in the process of reassessing your holdings or wish to do so, our advisers at Equity Investment Advisers Limited are willing to assist. As you are no doubt aware most markets are fully priced, and som

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Daily Update:

8 Aug, 9:57am

August 8th Morning Report

The US Market closed lower on Thursday, as shares of Eli Lilly dropped after data from its oral weight loss drug disappointed, while Nasdaq ended slightly higher

7 Aug, 10:04am

August 7th Morning Report

The US Market closed higher on Wednesday, led by a more than 1% gain in the Nasdaq, as Apple shares climbed after news of its plans to announce a domestic manufacturing pledge, and as the latest batch of corporate reports was mostly upbeat

5 Aug, 9:57am

August 5th Morning Report

The US Market closed higher on Monday, as investors sought bargains after the previous session's selloff and increased bets for a September rate cut in the wake of Friday's weaker-than-expected jobs data


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