Article tagged with 'Devon FM'
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Devon appoints CEO
26 Feb 2026 - Devon Funds Management has appointed a Chief Executive and Portfolio Manager.
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Staying in May
10 Jun 2025 - 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.
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Back to the future
17 Feb 2025 - 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%...
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Devon Funds 2025 Predictions
17 Jan 2025 - 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.
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Animal spirits
10 Dec 2024 - November was a very strong month for most equity markets.
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Extreme measures for extreme circumstances – why the RBNZ should cut the OCR by 0.75% when it meets this week
26 Nov 2024 - 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.
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NZ Super Fund terminates Devon mandate
14 Nov 2024 - The NZ Super Fund has terminated a 13-year old mandate it had with Devon Funds.
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Why the Reserve Bank should cut interest rates by a further 1% before Christmas
14 Oct 2024 - 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.
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The results are in
09 Sep 2024 - 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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Cutting to the chase
19 Aug 2024 - 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?