Linked an Eyelid, Introducing an Estimated $10 Trillion Includes a Worth of Fiscal Stimulus
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Market Overview Funds at a Glance
As of 31 July 2020 Market overview Global markets were mixed in July, with the US S&P500 (+5.6%) and the MSCI For more information on our Funds, World index (+4.8%) finishing positive. The UK (-4.2%) and Japan (-2.6%) were please contact: lower, while Australia was marginally up (+0.5%) and NZ was up (+2.4%). Global bonds were strong (yields lower), and NZ bonds followed suit to lesser degree; David Boyle while Gold was very strong in July. Head of Sales & Marketing Level 25, SAP Tower The main underperformer in the month was the US dollar. With global central 151 Queen Street, Auckland banks (especially the US Federal Reserve) firmly committed to doing whatever it New Zealand takes and the pandemic getting worse rather than better, real interest rates fell (along with nominal bond yields). As a result, reflation assets like gold, P 0800 646 833 commodities and some equities stood up, as did corporate bonds. The out- E [email protected] performance of US equities (vs the world) was primarily due to that market’s heavy www.mintasset.co.nz weighting toward a few tech / growth stocks. Markets without those kind of stocks didn’t keep up. Australia was generally positive through the month (helped by its big weight to Resources stocks), but fell back in the last few days as the outbreak in Victoria worsened. Here in New Zealand, the market was generally strong with the renewed offer for Metlifecare sparking the retirement village sector, and the gentailers staying fairly resilient in the face of the announcement buy Rio Tinto that they may close the Tiwai smelter in August 2021. -
Market Overview Funds at a Glance
As of 31 August 2020 Market overview Global markets were positive again in August on vaccine hope and a very strong For more information on our Funds, tech sector. The US S&P500 was up 7.2% and the MSCI World index up 6.3%. All please contact: share markets were positive, including Australia up 2.8% and NZ up 1.8%. Global bonds were weak (yields rose), with the US 10-year up 0.17% to 0.70% and the David Boyle Australian 10-year up the same to 0.98%. NZ bonds bucked the offshore moves Head of Sales & Marketing and our 10-year bond fell 0.14% to 0.61%. Level 25, SAP Tower 151 Queen Street, Auckland It was reporting season in NZ and Australia in August. NZ was generally better than New Zealand expectations, or at least not as bad as it might have been. Revenue and earnings were slightly ahead of expectations in aggregate; however, dividends disappointed P 0800 646 833 a bit as boards took an understandably conservative approach to distributions. E [email protected] Only one third of companies gave guidance for the period ahead reflecting the www.mintasset.co.nz prevailing highly uncertain operating environment. EPS for companies reporting in Australia fell 20% for the year ending June, an outcome on a par with the GFC. However, this too was slightly better than expectations, with resilience in Consumer Staples, Building Materials and Discretionary Retail. The key upside factor this reporting season was better than expected cash flows, reflecting a fall in inventories and some delay in capex. -
Nikko Am Sri Equity Strategy
Factsheet 30 November 2020 NIKKO AM SRI EQUITY STRATEGY Applies to: Nikko AM Wholesale SRI Equity Fund Market Overview Portfolio Manager ‐ Equity markets globally were strong as news that COVID-19 vaccine Michael De Cesare, trials were showing high efficacy rates. Portfolio Manager ‐ The MSCI World index ended the month up 12.4%. Responsible for the SRI Equity Fund. ‐ The United States S&P 500 index rose 10.8%, the Japanese Nikkei Covers the Consumer Discretionary 225 index gained 15.0%, the UK FTSE 100 index increased 12.4%. and Consumer Staples sectors. Over ‐ Locally, the S&P/NZX 50 index performed well but was not able to nine years of experience in the finance match the strength of most global markets and ended the month industry including ANZ Institutional Bank and Fortis up 5.7%. While the Australian ASX 200 index added 10.2%. Investments. Michael holds a First Class Honours degree Fund Highlights in Industrial Economics from the University of Nottingham Business School, United Kingdom. Joined in 2012. ‐ The fund produced a strong positive 5.2% absolute return for the month, but lagged the benchmark slightly. Overview ‐ An overweight position in Mainfreight, and nil holdings in The SRI Equity Strategy seeks growth opportunities by Goodman Property and Kiwi Property Group added value. investing in New Zealand and Australian equity markets. ‐ An underweight position in Fletcher Building, and overweight Our local equity portfolio management team hand pick positions in Pushpay Holdings and NextDC detracted value. stocks that they believe have potential for growth of ‐ News flow was high during the month with a number of portfolio income and capital. -
S&P Dow Jones Indices Announces September 2016 Quarterly
S&P Dow Jones Indices Announces September 2016 Quarterly Rebalance of the S&P/NZX Indices SYDNEY, SEPTEMBER 2, 2016: S&P Dow Jones Indices announced today the changes in the S&P/NZX indices, effective after the close of trading on September 16, 2016 as a result of the September quarterly review. S&P/NZX 10 – No change. S&P/NZX 15 Index – September 16, 2016 After Market Close Action Code Company Addition CNU Chorus Limited Removal AIR Air New Zealand Limited S&P/NZX 20 – No change. S&P/NZX 50 & S&P/NZX 50 Portfolio Index – September 16, 2016 After Market Close Action Code Company Addition SCL Scales Corporation Limited Addition VGL Vista Group International Limited Removal SKL Skellerup Holdings Limited Removal STU Steel & Tube Holdings Limited INDEX ANNOUNCEMENT c G R A S&P/NZX MidCap Index – September 16, 2016 After Market Close Action Code Company Addition SCL Scales Corporation Limited Addition VGL Vista Group International Limited Removal SKL Skellerup Holdings Limited Removal STU Steel & Tube Holdings Limited S&P/NZX SmallCap Index – September 16, 2016 After Market Close Action Code Company Addition NZM NZME Limited Addition SKL Skellerup Holdings Limited Addition STU Steel & Tube Holdings Limited Removal SCL Scales Corporation Limited Removal VGL Vista Group International Limited S&P/NZX All Index – September 16, 2016 After Market Close Action Code Company Addition NZM NZME Limited S&P/NZAX All – No change. S&P/NZX Morrison – No change. S&P/NZX SciTech – No change. S&P/NZX Farmers Weekly Agriculture Equity Index – No change. S&P/NZX Farmers Weekly Agriculture Equity Investable Index – No change. -
Stoxx® Pacific Total Market Index
STOXX® PACIFIC TOTAL MARKET INDEX Components1 Company Supersector Country Weight (%) CSL Ltd. Health Care AU 7.79 Commonwealth Bank of Australia Banks AU 7.24 BHP GROUP LTD. Basic Resources AU 6.14 Westpac Banking Corp. Banks AU 3.91 National Australia Bank Ltd. Banks AU 3.28 Australia & New Zealand Bankin Banks AU 3.17 Wesfarmers Ltd. Retail AU 2.91 WOOLWORTHS GROUP Retail AU 2.75 Macquarie Group Ltd. Financial Services AU 2.57 Transurban Group Industrial Goods & Services AU 2.47 Telstra Corp. Ltd. Telecommunications AU 2.26 Rio Tinto Ltd. Basic Resources AU 2.13 Goodman Group Real Estate AU 1.51 Fortescue Metals Group Ltd. Basic Resources AU 1.39 Newcrest Mining Ltd. Basic Resources AU 1.37 Woodside Petroleum Ltd. Oil & Gas AU 1.23 Coles Group Retail AU 1.19 Aristocrat Leisure Ltd. Travel & Leisure AU 1.02 Brambles Ltd. Industrial Goods & Services AU 1.01 ASX Ltd. Financial Services AU 0.99 FISHER & PAYKEL HLTHCR. Health Care NZ 0.92 AMCOR Industrial Goods & Services AU 0.91 A2 MILK Food & Beverage NZ 0.84 Insurance Australia Group Ltd. Insurance AU 0.82 Sonic Healthcare Ltd. Health Care AU 0.82 SYDNEY AIRPORT Industrial Goods & Services AU 0.81 AFTERPAY Financial Services AU 0.78 SUNCORP GROUP LTD. Insurance AU 0.71 QBE Insurance Group Ltd. Insurance AU 0.70 SCENTRE GROUP Real Estate AU 0.69 AUSTRALIAN PIPELINE Oil & Gas AU 0.68 Cochlear Ltd. Health Care AU 0.67 AGL Energy Ltd. Utilities AU 0.66 DEXUS Real Estate AU 0.66 Origin Energy Ltd. -
The Climate Risk of New Zealand Equities
The Climate Risk of New Zealand Equities Hamish Kennett Ivan Diaz-Rainey Pallab Biswas Introduction/Overview ØExamine the Climate Risk exposure of New Zealand Equities, specifically NZX50 companies ØMeasuring company Transition Risk through collating firm emission data ØCompany Survey and Emission Descriptives ØPredicting Emission Disclosure ØHypothetical Carbon Liabilities 2 Measuring Transition Risk ØTransition Risk through collating firm emissions ØAimed to collate emissions for all the constituents of the NZX50. ØUnique as our dataset consists of Scope 1, Scope 2, and Scope 3 emissions, ESG scores and Emission Intensities for each firm. ØCarbon Disclosure Project (CDP) reports, Thomson Reuters Asset4, Annual reports, Sustainability reports and Certified Emissions Measurement and Reduction Scheme (CEMAR) reports. Ø86% of the market capitilisation of the NZX50. 9 ØScope 1: Classified as direct GHG emissions from sources that are owned or controlled by the company. ØScope 2: Classified as indirect emissions occurring from the generation of purchased electricity. ØScope 3: Classified as other indirect GHG emissions occurring from the activities of the company, but not from sources owned or controlled by the company. (-./01 23-./014) Ø Emission Intensity = 6789 :1;1<=1 4 Company Survey Responses Did not Email No Response to Email Responded to Email Response Company Company Company Air New Zealand Ltd. The a2 Milk Company Ltd. Arvida Group Ltd. Do not report ANZ Group Ltd. EBOS Ltd. Heartland Group Holdings Ltd. Do not report Argosy Property Ltd. Goodman Property Ltd. Metro Performance Glass Ltd. Do not report Chorus Ltd. Infratil Ltd. Pushpay Holdings Ltd. Do not report Contact Energy Ltd. Investore Property Ltd. -
FNZ Basket 14102010
14-Oct-10 smartFONZ Basket Composition Composition of a basket of securities and cash equivalent to 200,000 NZX 50 Portfolio Index Fund units effective from 14 October 2010 The new basket composition applies to applications and withdrawals. Cash Portion: $ 1,902.98 Code Security description Shares ABA Abano Healthcare Group Limited 88 AIA Auckland International Airport Limited Ordinary Shares 6,725 AIR Air New Zealand Limited (NS) Ordinary Shares 2,784 AMP AMP Limited Ordinary Shares 432 ANZ Australia and New Zealand Banking Group Limited Ord Shares 212 APN APN News & Media Limited Ordinary Shares 1,759 APT AMP NZ Office Trust Ordinary Units 8,453 ARG Argosy Property Trust Ordinary Units 4,344 CAV Cavalier Corporation Limited Ordinary Shares 482 CEN Contact Energy Limited Ordinary Shares 1,508 EBO Ebos Group Limited Ordinary Shares 537 FBU Fletcher Building Limited Ordinary Shares 1,671 FPA Fisher & Paykel Appliances Holdings Limited Ordinary Shares 6,128 FPH Fisher & Paykel Healthcare Corporation Limited Ord Shares 3,106 FRE Freightways Limited Ordinary Shares 1,625 GFF Goodman Fielder Limited Ordinary Shares 3,990 GMT Macquarie Goodman Property Trust Ordinary Units 8,004 GPG Guinness Peat Group Plc Ordinary Shares 15,588 HLG Hallenstein Glasson Holdings Limited Ordinary Shares 430 IFT Infratil Limited Ordinary Shares 6,363 KIP Kiwi Income Property Trust Ordinary Units 10,287 KMD Kathmandu Holdings Limited Ordinary Shares 690 MFT Mainfreight Limited Ordinary Shares 853 MHI Michael Hill International Limited Ordinary Shares 1,433 NPX -
FULL PORTFOLIO HOLDINGS 1 Offer Name SUPERLIFE INVEST Offer Number OFR10976 Fund Name NZ BONDS FUND Fund
DISCLOSE REGISTER - FULL PORTFOLIO HOLDINGS 1 Offer name SUPERLIFE INVEST Offer number OFR10976 Fund name NZ BONDS FUND Fund number FND2405 Period disclosure applies [dd/mm/yyyy] 31/03/2020 Asset name % of fund net assets Security code New Zealand Government 20/09/25 2.0% IB 7.81% NZIIBDT002C2 New Zealand Local Government Funding Agency 14/04/33 3.50% GB 6.85% NZLGFDT009C0 Insurance Australia Group Ltd 15/06/43 5.15% CB 3.17% NZIAGDT003C3 Bank of New Zealand 15/06/23 4.102% CB 2.98% NZBNZDT387C9 ASB Bank Ltd 07/09/23 3.31% CB 2.70% NZABBDT042C3 TR Group Ltd 07/03/24 4.533% CB 2.53% NZTRGD0324L9 Chorus Ltd 06/12/23 4.35% CB 2.43% NZCNUDT003C6 Fonterra Cooperative Group Ltd 19/06/25 5.08% CB 2.41% NZFCGDT310C3 ANZ Bank New Zealand Ltd 20/03/24 3.03% CB 2.38% NZANBDT023C9 Genesis Energy Ltd 03/04/25 5.00% CB 2.35% NZGNEDT007C3 Fonterra Cooperative Group Ltd 25/02/22 5.90% CB 2.34% NZFCGDT266C7 Vector Ltd 14/03/24 4.996% CB 2.27% NZVCTDT009C6 Powerco Ltd 28/09/22 4.76% CB 2.10% NZPWCDT007C3 China Construction Bank NZ Ltd 09/11/22 3.932% CB 2.05% NZCCBDT010C7 Westpac New Zealand Ltd 29/07/24 2.22% CB 1.90% NZWNZD0724L3 New Zealand Government 15/05/21 6.0% GB 1.84% NZGOVD0521C2 Powerco Ltd 15/11/24 4.67% CB 1.73% NZPWCDT009C9 Bank of China NZ Ltd 17/10/22 4.09% CB 1.70% NZBOCDT001C2 Industrial and Commercial Bank of China New Zealand 27/06/24 2.61 1.55% NZICBDT009C3 ANZ Bank New Zealand Ltd 30/05/23 3.70% CB 1.53% NZANBDT022C1 ASB Bank Ltd 19/08/24 1.83% CB 1.51% NZABBDG004C8 Vector Ltd 27/05/25 3.45% CB 1.50% NZVCTDT090C6 Kiwibank Ltd 20/09/24 -
Skellerup Holdings 2015 Annual Report Skellerup Holdings 2015 Annual Report
SKELLERUP HOLDINGS 2015 ANNUAL REPORT SKELLERUP HOLDINGS 2015 ANNUAL REPORT 2015 Skellerup Holdings Limited L3, 205 Great South Road, Greenlane Auckland 1051, New Zealand PO Box 74526, Greenlane, Auckland 1546, New Zealand T +64 9 523 8240 E [email protected] W www.skellerupholdings.co.nz 1 Contents BUSINESS REVIEW Highlights 2 Chairman’s Report 4 Chief Executive’s Report 6 US Market Review 8 US Potable Water 10 Working with our Customers 12 Broadening the Skellerup Footprint 14 Project Viking 16 Board of Directors 18 Corporate Governance 20 FINANCIAL REPORT Independent Auditor’s Report 24 Directors’ Responsibility Statement 25 Income Statement 26 Statement of Comprehensive Income 27 Balance Sheet 28 Statement of Changes in Equity 29 Cashflow Statement 30 Notes to the Financial Statements 31 SHAREHOLDER INFORMATION Directors’ Disclosures 59 Shareholder Information 60 Corporate Directory 62 2 SKELLERUP HOLDINGS 2015 ANNUAL REPORT Highlights REVENUE $203.0m Up $6.4m NPAT $21.9m Up $1.2m OPERATING CASH FLOW $17.8m Down $9.5m EARNINGS PER SHARE 11.4c Up 6% DIVIDEND 9.0cps Up 6% 5% Asia 2% Other Europe 24% 19% New Zealand Revenue by Region FY15 % 25 25% Australia North America SKELLERUPFINANCIAL 2015 STATEMENTS HIGHLIGHTS 3 Locations USA Chicago, Illinois Falconer, New York Lincoln, Nebraska Charlotte, North Carolina UNITED KINGDOM Witney, Oxfordshire Nailsea, Bristol ITALY Ala, Trento VIETNAM Ho Chi Minh City CHINA Baochang, Jiangsu Province AUSTRALIA Sydney, New South Wales Melbourne, Victoria NEW ZEALAND Auckland Wellington Christchurch -
Notice of Annual Meeting
Notice of Annual Meeting Notice is hereby given that the annual meeting of Kiwi Property Group Limited shareholders will be held at 10.30am on Monday, 12 July 2021. This will be a hybrid event, enabling attendees to join in person or online. In person Agenda The Annual Meeting will be held at: Eden Park (Enter via Gate G) World Cup Lounge West, Level 4, South Stand, Addresses Reimers Ave, Kingsland, Auckland. Our Chair, Mark Ford, and our Chief Executive Officer, Online Clive Mackenzie, will provide an overview of the company’s Shareholders can participate in the Annual Meeting virtually using performance for the year ended 31 March 2021. There will also an online platform provided by our share registrar, Link Market be an opportunity for shareholders to ask questions. Services at: https://www.virtualmeeting.co.nz/KPG21 Resolutions Shareholders attending the Annual Meeting virtually will be able to vote and ask questions. More information regarding online Shareholders will be asked to consider and, if thought appropriate, attendance at the Annual Meeting (including how to register to vote, pass the following ordinary resolutions: how to vote and ask a question) is available from the virtual AGM guide: https://bcast.linkinvestorservices.co.nz/generic/docs/ OnlinePortalGuide.pdf. Shareholders are encouraged to read the guide before the meeting. During the meeting, the Board intends to answer as many That Jane Freeman be re-elected of the most frequently asked questions as is reasonably 01. as a director of the company. practicable. Please refer to the instructions in the guide on how to ask a question. -
Infratil Investor Day
Infratil Investor Day 4 April 2014 Infratil Investor Day Trustpower Agenda • Performance developing points of difference • Focus on retail • Update on Australia © Trustpower Limited Highlights 2014 financial year • Acquisition of EDNZ accelerates retail multi-product strategy - 224,000 electricity customers - 54,300 telco services - 13,500 gas • Re-brand and launch into new geographies - Ready for metro launch • Significant progress on Snowtown Stage 2 wind farm • Completion of Esk Hydro © Trustpower Limited Consistent performance focus EBITDAF Return on adjusted capital © Trustpower Limited … and there are challenges • Demand remains flat • Government’s MoM programme – provides greater sector choice for investors • Labour / Green policy risk … TRUSTPOWER response © Trustpower Limited Re-launching the Brand – a point of difference • Stable, trustworthy and reliable • NZ owned and operated company • NZ based call centre • Excellent customer service • Rewards loyalty via Friends Gold (55% of customers) • Community involvement “So it comes down to customer service and what they do with their profit, which is where Trustpower gets two big ticks.” © Trustpower Limited Building brand value INTEGRATION Contact Energy Genesis Energy FUNCTIONAL CARE Pulse Energy Mercury Energy Meridian Energy Power Shop POWER COMPANY © Trustpower Limited Retail success – also means doing the basics well • Profitable customers that stay with you for a long time • Upsell must add value and / or increase loyalty • Cash is king and therefore processes must be excellent -
May 2019 Market Update
QUAYSTREET MONTHLY MARKET UPDATE - AS AT 31 MAY 2019 - INTERNATIONAL MARKETS Geopolitics fray markets Global equity markets broadly fell in May, giving back on the rise across the continent, while at the individual some of April’s stellar performance. The MSCI World country level, Italy has made it known it is about to Index (NZD) dropped 3.6% over the month, however a flout EU fiscal rules around its budget. Across the weakening Kiwi dollar helped soften the impact in NZD channel, there are now heightened prospects of a terms. Positive returns in Brazil and India bucked the no-deal Brexit, coupled with a leadership vacuum after trend, helping emerging markets indices to outperform Prime Minister Theresa May announced she will resign developed markets, something that has not happened in June. for a while. In stark contrast to European politics, India’s Prime The weakness in markets accelerated at month-end as Minister Narendra Modi won a strong mandate for the US President made an unexpected announcement his second five-year term. The question being asked stating he would impose tariffs on Mexico if it did not by investors is to what extent he re-engages with stop the flow of illegal immigrants crossing the border the significant reforms he was planning to undertake into the US. This added further uncertainty concerning in his first term, such as overhauling the labour global trade, just as investors were evaluating the re- and agricultural sectors, that did not materialise. escalation of the US-China trade war. Notwithstanding, with its economy still among the fastest growing in the world (GDP is running at 7%), Another contributor to the renewed anxiety in markets India is likely to remain a favourite in the emerging was the deteriorating political landscape in Europe.