Devon Funds Management Limited ("Devon") is an independent investment management business that specialises in building investment portfolios for their clients that are comprised of companies listed on the New Zealand and Australian stock exchanges.
Devon's approach is an active one where their rigorous research and analytical skills are applied to maximum advantage.
Devon's highly qualified and experienced investment team is committed to helping investors achieve their investment results. Devon believes their advantage lies in their people - a dedicated team of investment professionals with over 100 years combined experience in the investment industry both within Australasia and further afield. They've worked hard to assemble the right talent with the necessary skills and experience to manage their client's portfolios.
US tariffs hit NZ exports, pressure builds on RBNZ to cut rates
New Zealand’s 15% tariff rate being imposed by the United States has understandably been met with disappointment by industry groups, but could the end economic outcomes prove better than feared?
MORE»Half-way predictions scorecard
Staying in May
The old market adage about “selling in May and going away” turned out to be the antithesis of sage advice. Stock markets globally performed strongly last month, with investors encouraged by what appeared to be a de-escalation of trade frictions. The White House rolled out its first deal with the UK, European tariffs were paused, while tensions also cooled a little between the US and China, with both agreeing to bring tariffs down from nosebleed levels.
MORE»Calming influences
April was another volatile month for financial markets, but one that in the end produced a relatively benign outcome for investors. Trade developments were front and centre, with the angst around “Liberation Day” replaced by relief as Donald Trump announced a 90-day pause for trading partners to negotiate trade deals.
MORE»Economic vandalism
With Donald Trump having delivered a seismic shock to world trade, and then “back-flipped,” the benefit of a adopting a “cool head” has never been more apparent.
MORE»Opportunity knocks - the case for further asset sales.
The debate about asset sales has recently been thrust into the political limelight, with David Seymour vocalising the need to reconsider privatisation.
MORE»Back to the future
Many markets have enjoyed a very positive start to the year. The Dow surged 4.7% in January, while the S&P500 advanced 2.8% and the Nasdaq rose 1.6%. European indices rose nearly 7% to record highs and the UK’s FTSE100 surged over 6%...
MORE»Devon Funds 2025 Predictions
While a new year is already underway, it is early days. This makes it still a timely point to wheel out the crystal ball and engage in the well-established tradition of making big-picture predictions on developments and factors that will shape markets and investment portfolios in the year ahead.
MORE»Animal spirits
November was a very strong month for most equity markets.
MORE»Extreme measures for extreme circumstances – why the RBNZ should cut the OCR by 0.75% when it meets this week
Around six weeks ago we made the case for a 0.75% cut at each of the two final RBNZ meetings of the year. This was a non-consensus call. In the end, the central bank cut rates by 0.50% last month, but expectations following October’s CPI number started to shift in terms of what will happen at this week’s meeting.
MORE»Why the Reserve Bank should cut interest rates by a further 1% before Christmas
Last week the RBNZ came through with a “super-sized” rate cut of 0.5% that many economists proclaimed they had predicted. The move was not exactly a huge call given the state of the economy. Another 25bps was arguably an option, and investors took heart that the cut was larger. A more aggressive central provides a prospective tailwind for exporters. Falling interest rates significantly boost the appeal of high dividend companies.
MORE»The results are in
The deluge of results on both sides of the Tasman provided a host of contrasts, and highlighted the importance of being highly selective and discerning when it comes to active investing strategies.
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