Friday 2nd November 2001 |
Text too small? |
"Over the past six months, investors' expectations of the US economy have vacillated between hope for a subdued recovery and fears of a deeper slowdown. Sharemarkets have mirrored this uncertainty, and many central banks have eased monetary policy, hoping to boost consumer confidence. Authorities hope that this setting of such stimulative fiscal policy will shield the global economy from the negative shock of the terrorist action."
Overseas shares posted a -15.4% return in New Zealand dollar terms, while New Zealand shares fared little better with a return of -9.9%. All other sectors produced marginally positive returns for the quarter. "The return of the median manager for the September quarter was -6.3% before tax and fees," Mr Boulanger said. "Performance was adversely affected across the board but Tower Asset Management achieved the highest return for the quarter of -4.5%. This was largely due to its exposure to overseas shares being lower than average and its overall lowest exposure to New Zealand shares. Colonial First State Investment Management also benefited from its movement to lowest overall exposure to overseas shares, generating returns of -4.7% before tax and fees."
No comments yet
BLT - Revenue growth with one off cost pressures impacting profit
FRW - Full Year Results to 30 June 2025 and Final Dividend
Devon Funds Morning Note - 18 August 2025
August 18th Morning Report
2025 Annual Shareholders' Meeting and Director Nominations
Meridian Energy monthly operating report for July 2025
August 15th Morning Report
VGL upgrades aspirations, accelerates to meet client demand
August 14th Morning Report
VHP - Focus on Fundamentals: Driving Operational Performance