NZ Fund Managers

[Snoopy]

Kiwiwealth don't seem to do a regular Q&A member session like Fishers and Milford. Nevertheless I have tried to glean some of their investment tactics from their reports. The official statement on policies and investments is below:

https://app.companiesoffice.govt.nz/...928a58c0541d95

The following report below was posted on 21st November 2021.

https://www.kiwiinvest.co.nz/investm...ective-on-2021

1/ Look for liquidity and quality, and use diversification.
2/ Go for ESG companies that face lower regulatory risks and have a stronger social license to operate.
3/ Have removed carbon intensive companies from portfolios.
4/ Particular standout sectors for investment: Discount retail (Costco, Target and Walmart), Semiconductor value chain (companies behind the computer chips that go into phones, cars and smart refrigerators) and US banks (JP Morgan, Morgan Stanley and Bank of America)
5/ Have been taking profits on some of the themes that have done well during the pandemic (in particular snack foods and discount retailers).
6/ Investing towards next stage as economies recover (railroads, construction material companies and banks).

The latest update from February 2022 (not a video) is here:

https://www.kiwiinvest.co.nz/investm...year-in-review

7/ Rapid increases in interest rates, threatens the frothy valuations we see in certain Growth stocks. On the other hand, the combination of higher rates and more persistent inflation could spell good news for Value investors, those who favour stocks trading at lower multiples.
8/ Looking closely at trends in energy efficiency, efforts to electrify the global car fleet, and natural resource shortages.
9/ The withdrawal of government financial stimulus will present a challenge for some assets.

SNOOPY