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Tyndall Monthly Commentary

What Went Wrong in Europe?

Harbour:The methadone approach to market recovery

In its latest fixed interest commentary Harbour Asset Management argues that quantatative easing will be the key factor driving the market this year. However at some point the US Federal Reserve will need to be cautious about withdrawing the drug from the patient.

Tyndall: The global economic tour

Over recent months, confidence in the global economy has improved markedly on the back of some seemingly more positive economic data from the production side and, in particular, from the various widely watched industrial surveys, such as the influential German Ifo Index. This improvement in business confidence, coupled with what appears to have been a marked revival in credit growth within the financial markets, has certainly helped asset prices to recover some - or in some cases all - of their lost ground from 2011.

Tyndall Monthly Commentary

Justifying the Rally

Domestic v global fixed income

Harbour Asset Management asks the question whether to invest in domestic or international fixed interest markets at the moment. See what it has found out here.

Harbour Commentary: Reflation with risk

The flow of global data has been well above consensus in recent months. The build up of better economic prospects has step by step forced markets to consider a world significantly different to that expected for much of 2011.

NZ Credit: A top performer in 2011

Returns on the NZ Corporate A-Grade Index outstripped other major credit indices in 2011. The running yield on the index was supplemented by the capital gain from the fall in prevailing market interest rates.

Tyndall Monthly Commentary

The Outlook for 2012

Harbour Commentary: Stable Government and economic recovery

New Zealand shares were among the better performers during November, a month dominated by the European debt crisis and, closer to home, the General Election.

Harbour Commentary: Holes in the lifeboat

The European sovereign debt crisis remained the main driver of global fixed income markets during the course of October, continuing the theme that dominated markets over September.

Tyndall Monthly Commentary

Another Euro Summit - November 2011

Harbour commentary: Waves of pessimism and optimism

Markets are swinging from focusing on significant downgrades to European growth expectations and the prospect of financial contagion from European debt stress to hope that a road map for Europe will be 'published' in coming months.

Tyndall Monthly Commentary

All Roads Lead to Frankfurt (not Rome) - October 2011

Harbour Commentary: Bond markets pricing in a lost decade

Harbour Asset Management fixed income manager Christian Hawkesby looks at recent economic developments including the US downgrade and local market news and explains what they mean for investors.

Tyndall Monthly Commentary

Mission Not Accomplished - September 11

Harbour commentary: NZ powers on while Australia splutters

Harbour Asset Management's New Zealand Equities Monthly commentary looks at Australia's under performing economy, updates on Chinese trends and examines the converging factors that have helped boost the New Zealand economy.

S&P Downgrade: True to their word

Harbour Special Commentary: In this piece Harbour Asset Management looks at what the downgrade of the US credit rating means to markets and investors.

Tyndall Commentary: What Europe needs to do

Andrew Hunt looks at what is happening in the global economy, particularly the Euro Zone, and gives his thoughts on what needs to happen in Europe.

Lessons from the Armitage Church case

Financial advisers can be more confident about what is expected of them in relation to their duty of care to clients as a result of the recent Armitage v Church case.

The decision is likely to form the benchmark for future cases under section 33 of the Financial Advisers Act as the Judge took the opportunity to comment extensively on the standard of care expected of competent financial planners and advisers.

Speech: Hughes opens IFA Conference

FMA chief executive Sean Hughes tells advisers who should be run out of town; acknowledges the Cowboy ads ruffled feathers and issues a challenge to advisers.

Harbour Commentary: The soft patch is behind us

Harbour Asset Management has published its market commentary for July outlining its investment strategy.

Tyndall Commentary: Why Markets Are Not Reflecting The Economy

If there is one feature that perhaps stands out most within financial and even currency markets at present is the chasm that appears to have opened between the generally robust performance of asset markets and the rather more equivocal performance of the real economy.

Harbour Commentary: Tricky Turning Point

Harbour Asset Management has published its market commentary for May and outlining its investment strategy.

Everything you need to know - the financial adviser regulatory regime

The main features of the regime, which began its phased implementation today, are as follows:

Tyndall commentary: Quantitative easing Round 2?

As the debate over a possible double dip in the global economy intensifies, many optimists are taking heart from last year's sharp revival in corporate profitability, which they clearly hope will sustain, if not global activity rates, then at least global share prices over the coming months.

Who buys gold bullion?

If the movies are to be believed, gold bullion is reserved for super wealthy villains such as Goldfinger, but bullion trader Marianne Findlay from New Zealand Mint (NZ Mint) paints a very different picture.

CDO Settlement: Securities Commission statement

The Securities Commission welcomes the settlement achieved between the Commerce Commission and ANZ National Bank Limited (ANZN) and ING (NZ) Limited (ING).

CDO Settlement: ANZ and ING's statement

The following is ANZ's statement about its settlement with the Commerce Commission over the way its CDO-backed funds were sold

Pursing investment themes

AXA Global Investor’s Head of Investment Strategy Keith Poore talks about investment themes that have been effective in the past six months.

The Hunt Report: Moving of the deck chairs

Andrew Hunt reports on some fundamental economic changes in the US which have escaped wide-spread attention, but impact on the credit markets. He also suggests a strong Kiwi dollar remains on the horizon.

Overhaul of Financial Advice

The Rudd Government has announced reforms to financial advice that will improve the trust and confidence of Australian retail investors in the financial planning sector.

Market Review: February 2010 London Commentary

Somewhat unconventionally - and rather unpopularly we suspect - we remain bearish on the outlook for near term inflation rates in much of the global economy, based primarily on the current adverse trend in Asian export prices.

Mercer's top 10 investment trends for 2010

The investment landscape has changed irrevocably since the Global Financial Crisis and investors will be wise to ensure their investment strategies reflect the lessons learned from this period.

Market Review: January 2010 London Commentary

For those hoping for a quiet 2010 following the dramas of the last few years, we must unfortunately confess to not having much good news for them.

Investment managers favour equities

Domestic and international equities remain in favour with New Zealand investment managers in the lead up to the festive season Russell Investments' latest quarterly survey shows.

Market Review: December 2009 commentary

With the exception of Japan, most global sharemarkets had a good month in November. The Land of The Rising Sun, though, started to suffer deflation and a large number of capital raisings did not help investors' attitudes.

Market Review: December 2009 London commentary

Just as the stagflation of the early 1970s ushered in what became known as the Monetarist Counter Revolution of the late 1970s, the Global Financial Crisis of the late 2000s has apparently ushered in a Keynesian Counter Revolution of its own, or at least a return of ‘Big Government' in many countries in the West.

Market Review: November 2009 London Commentary

Taking stock a year on: According to the consensus, a global economic recovery has begun.

Consumer Survey: Ban Commissioned Advisers

In the wake of the Consumer Survey it is no surprise to see Gareth Morgan calling for a ban on commissioned advisers. Here's what he has to say.

Consumer Survey: Investigate before you invest

Retirement Commissioner Diana Crossan says Consumer research which shows the advice New Zealanders receive from some financial advisers is ‘scandalously poor' will further undermine the confidence of investors who are already feeling burned by the global financial crisis.