Managed funds

Started by Shareguy, Aug 13, 2022, 07:19 AM

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Mos

#435
Jul 22, 2026, 08:05 PM Last Edit: Jul 23, 2026, 06:37 PM by Mos
Quote from: Basil on Jul 14, 2026, 09:51 PMI'm also feeling now is not the right time to apply fresh capital with global growth funds. Plenty of froth in some of the tech stocks and a S&P500 ETF has a lot of exposure to it.  Even a global fund like Simplicity's one has a high allocation to it based on its market capitalization.

Very disappointing to see the Middle East back into complete turmoil again.

This insights article from Nicholas Bagnall of Te Ahumairangi highlights the frothiness of tech stocks outside the magnificent seven quite well.

https://teahumairangi.co.nz/research-and-commentary/many-of-the-next-tier-of-tech-companies-are-far-more-expensive-than-the-magnificent-seven/[/url]

Shareguy

#436
Jul 24, 2026, 02:57 PM
Discovery's number 1 holding GDG up 38 percent yesterday.

Stoploss

#437
Jul 29, 2026, 08:06 PM
Have they still got that holding ? Didn't see a bounce $ 2.39 today , down 8.2 % for the month .

Shareguy

#438
Jul 30, 2026, 03:14 PM
Quote from: Stoploss on Jul 29, 2026, 08:06 PMHave they still got that holding ? Didn't see a bounce $ 2.39 today , down 8.2 % for the month .

It was in last months update, but yes could have sold it since. Today's update also a shocker down nearly 10 percent for the month. OUCH....

Dolcile

#440
Aug 04, 2026, 08:53 AM
I think there is a strong chance their performance is reverting to the mean. i.e. benchmark or lower performance net of fees.9+

Shareguy

#441
Aug 04, 2026, 05:58 PM Last Edit: Aug 05, 2026, 06:58 AM by Shareguy
Not many NZ fund managers did well in July. With GDG still listed as their number one stock I'm very surprised how bad it was. Perhaps it was the washout of CTD, which is not looking good.

Looking forward to August reporting which should hopefully confirm as they say, that they made the right calls.



Raven

#443
Today at 08:11 AM
Quote from: Mos on Aug 11, 2026, 06:53 PMTe Ahumairangi continue to perform well.

https://teahumairangi.co.nz/assets/Uploads/Te-Ahumairangi-Fund-Fact-Sheet-July-2026.pdf

Te Ahumairangi have been a solid performer for a long time. My only concern in the current environment is their aversion to currency hedging because I feel the NZD/USD exchange rate track will be a headwind for quite a while.

entrep

#444
Today at 09:38 AM
Te Ahumairangi look good thanks, will throw some money their way.

Quote from: Raven on Today at 08:11 AMI feel the NZD/USD exchange rate track will be a headwind for quite a while

As in we we stay at historically weak levels vs USD for some time or revert to the higher mean shortly?
AI-powered NZX announcement analysis → annolyse.ai

Raven

#445
Today at 11:41 AM
Quote from: entrep on Today at 09:38 AMTe Ahumairangi look good thanks, will throw some money their way.

As in we we stay at historically weak levels vs USD for some time or revert to the higher mean shortly?
I think we are at the beginnings of NZD/USD reverting back to something more like its historical mean, or at least low 0.60's.
Te Ahu do have the authority to use hedging, and they have in the past, but I think only for a small portion. They seem very fixed on being unhedged.
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