Harbour is a well-resourced New Zealand based asset manager with extensive professional investment experience managing funds for large government institutions, corporate superannuation funds, charities and mezzanine platform providers (such as Kiwisaver funds).
We offer highly rated investment services for wholesale and retail investors, including the following products:
- Australasian Equity Fund
- Australasian Equity Income Fund
- NZ Core Fixed Interest Fund
- NZ Corporate Bond Fund
- NZ Short Duration Fund
Harbour Investment Outlook
Central Banks Easing as Markets Broaden
MORE»Balancing caution with conviction
Harbour Asset Management’s latest chart shows how markets are shifting as global growth slows and interest rate cuts loom.
MORE»Harbour Investment Outlook: Markets rebound amid trade uncertainty
Global equities rebounded strongly in May, posting a return worthy of top decile historically, at 5.1% in unhedged NZD terms, and 5.6% NZD-hedged. Broadly, most sectors were positive, with healthcare an outlier at -3.7% and information technology leading the pack at +10.3%.
MORE»Harbour Outlook: Trumps Liberation Day Tariffs Reshape Global Markets
April was dominated by President Trump's unexpected "Liberation Day" tariffs, which initially imposed 10% duties on most trading partners including Australia and New Zealand, with substantially higher tariffs of 125-145% on China.
MORE»Harbour Outlook: Escalating trade tensions impact markets
In early April, the US announced more aggressive than expected increases in import tariffs, which incorporate a reciprocal tariff programme with a minimum 10% on all countries, including Australia and New Zealand.
MORE»Harbour Outlook: An inflection point to come for earnings?
The US economy may finally be starting to crack. Business surveys suggest the services sector is now contracting and real-time measures of Q1 GDP suggest the economy is in retreat. Retail sales were unexpectedly weak, and consumer confidence has dropped. The housing market is also showing signs of strain with both housing starts and sales dropping.
MORE»Harbour Outlook: A rebound amid uncertainty
The Fed is in no hurry to cut rates as the US economy continues to grow above trend and inflation progress to target has stalled. At the January meeting press conference, Fed Chair Powell described the policy rate as “very well calibrated”, acknowledging it was “meaningfully above neutral” and wanting to see further progress on inflation.
MORE»Harbour Outlook: So much for the Christmas rally
December saw mixed market movements influenced by currency shifts, central bank actions, and economic trends, shaping the investment outlook for the months ahead.
MORE»Harbour Investment Outlook: Let the good times roll
Harbour Investment Outlook: Waiting game
Time to revisit banking in New Zealand?
“The only thing worse than a very profitable banking system is a very unprofitable banking system.” Jonathan Mott, 2010, from his presentation to the Australian Senate Economic References Committee inquiry into Competition within the Australian banking sector
MORE»Three risks we are thinking about for 2024
Touch wood, but 2023 has probably turned out better than many expected. At the end of 2022, there was a strong consensus that a recession was on the cards in the world’s largest economy, the US, and that inflation will prove extremely hard to rein in.
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