Managed funds

[Basil]

GDG up more than 10%, 360 up 12%

[Shareguy]

GDG up more than 10%, 360 up 12%

Yes about time. Zip up over 19 percent which is number 3 on last update.

[Shareguy]

Fund up 7 percent month to date. Great to finally see some green. Then again looks like it's turning to custard again. A Clayton's bounce.

[entrep]

Salt Funds long short March - always a good read

https://d5f445d7-7cf2-43b2-b808-08b9a95f3ecf.filesusr.com/ugd/7d7e3c_3ed151fc3c6f4fbeba84b9ad53a7e82c.pdf

[Basil]

Crickey, vast majority of PIE's funds got smashed in March. 11-13% down is common and a bitter pill to swallow. Some of their funds now have a pretty miserable performance on a 5 year basis too.
Even their Chairman's fund, which is an amalgam of many of their other funds was down 9.1% for the month and only showing a 5 year average of 4.7% but PIE take 1.8% per annum and leave investors with just 4.7%. Hmmm. 

[Dolcile]

Yeah I'm very glad I got out of the AU dividend appreciation fund before the carnage really occurred. Although some of that went into nz listed property which hasn't done well either!

[Basil]

Its been very hard to find places to hide in 2026.  I reckon the vast majority of investors portfolios are underwater to a greater or lesser extent, year to date.

[lizard]

My strategy has been to use Aussie ETF's and wear the FIF tax.  A mix of GOLD, OOO, FUEL, BCOM, MNRS, SNAS, XMET, MVR, EPTPTM, EMKT, plus the likes of ILB, AGVT, VIF in the bond space are making up about 20% of investments.  Along with some allocation to property and infrastructure through a few PIE funds and direct shares, the result has been to kill most of the volatility in the portfolio.  We just don't have the options in niche asset-classes in NZ PIE-structured funds, at least not at a reasonable cost or accessible to retail.  Not averse to being diversified in core-currency either for now.   

I've also been ruthless on any direct shares that I think could be crippled on costs and margins in this environment in favour of extra cash for the short-term.

Overall, the result for the year is pretty close to break-even or slightly up so far, although I guess there will still be tax to pay next year, either way.  Not a recommendation, but I do think Aussie ETF's are worth considering for variety of assets.

[Basil]

Welcome back Lizard' its been a while. Well done to you and anyone else at close to break even year to date. That's a big win in the circumstances.

[winner (n)]

DMX funds have a few sad stories to tell of late

https://mcusercontent.com/1a84be027051b31062de96622/files/cd396748-eb64-f29d-22fe-ceabc533862d/DMXASF_March_2026_Investor_Update.pdf

[BlackPeter]

Its been very hard to find places to hide in 2026.  I reckon the vast majority of investors portfolios are underwater to a greater or lesser extent, year to date.

Actually - my war time portfolio is doing not too bad this year: food & stuff people always need, including (admittedly) some defence industry.

[Basil]

The issue I have with so called defense stocks is the fact that FAR too often what they manufacture is used for offensive reasons.  How many wars has the US started in the last 60 years including Vietnam ?  I've lost count...  I'm no fan of ESG per se, but the thought of investing in stocks like Raytheon and Northrop Grumman to name just two, makes me feel deeply uncomfortable.