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.
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.
MORE»Cutting to the chase
The RBNZ has “cut to the chase” with the first rate cut in over 4 years. Is this cause for celebration and what does this mean for the NZ economy and stock market?
MORE»Meeting half-way
June saw a continuation of this year’s themes, with US equity markets continuing their 20-month bull run, led by the technology sector, and AI-related names in particular.
MORE»Lessons from a silent housing crash
It certainly has been a rollercoaster ride for the economy and markets over the past four years.
MORE»Air New Zealand – brightness on the horizon?
It is no secret that the airline industry has faced a turbulent time in recent years, with participants halted for long periods during the pandemic, and making large losses.
MORE»Still in charge
Globally, March was a robust month for markets.
MORE»The bulls are back
Globally, most stock markets have made a strong start to the year, Leading the way has been the US indices, with the S&P500 rallying 3.3% in January, making new record highs, as did the Dow Jones which went through 38,000 for the first time ever.
MORE»What does the rest of 2024 have in store?
Equity markets are through the first month of 2024 and have largely started off the year where they finished 2023 – on the front foot. How will the rest of the year play out? We outline our projections for the remaining 11 months ahead.
MORE»Animal spirits - global stock markets have closed out their best month in several years, but can the rally continue?
The early promise of November (that was a feature of last month’s article) played out in earnest as stock markets had their best month in a long time, and in some cases years.
MORE»Are equity markets due for a strong finish this year?
Good things come to those that wait – after a challenging few months, stock markets have started November brightly. With inflation getting under control, many central banks cooling their jets, and bond yields easing, are equity markets in for a strong end to 2023?
MORE»A better quarter in store?
After a challenging September, and subdued start to October, are markets still in for a seasonally stronger final quarter of 2023? Inflation has fallen sharply in the US and Europe, while there may also be some locally driven tailwinds for the kiwi market.
MORE»