Market & Portfolio Update - July 2018
Market & Portfolio Update - July 2018
Share markets again rose moderately for the month, which saw investment fund returns resume their gradual upward path. Higher growth funds benefited more from good returns on shares in emerging markets, with Chinese shares now up 25% over the past six months.
While political posturing is heating up ahead of the New Zealand election, so far the likely effects for the NZ share market do not appear overly significant, and local shares have also continued to gain.
During July, Booster investment funds expanded their unlisted investments with the purchase of Waimea Estates, Nelson’s second-largest winery, and its associated vineyards. While still a relatively small part of overall portfolios, this further broadens their scope and provides a land-based investment at an attractive yield, as well the opportunity to grow Waimea’s established wine-making and marketing operations.
Disclaimer: This article has been prepared for the purpose of providing general information, without taking into consideration any particular investor’s objectives, financial situation or needs. Any opinions contained in it are held as at the report date and are subject to change without notice.
9 Financial Habits Of Successful People
Discover the secrets to financial success as we delve into the nine key habits practiced by prosperous individuals. From continuous learning and strategic investment to smart spending and insurance protection, this article offers invaluable insights to empower you on your journey towards financial freedom.
Business Must Do’s During The End of the Financial Year
As the end of the financial year approaches on 31 March 2024, there are a few things to take a look at to ensure you are prepared. We’ve built a checklist of reminders to make sure that you don’t miss a step.