Newsletter – July 2025

This issue covers built-in ‘shock absorbers’ within your portfolio to cushion the effect of market volatility.

Introducing our new Active Global manager, Intermede, and a taste of some of their investments.

This issue shows the methods used to support returns during periods of market volatility. Using the New Zealand dollar as a ‘shock absorber’.

It’s been an eventful start to the year. Tensions have been rising between Russia and Ukraine and central banks around the world are looking to increase interest rates.

This month our theme is making sense of the “Liberation Day” tariffs, how these events unfolded and what this means for your investments.

This issue covers the devastation caused by Cyclone Gabrielle underscores the importance of geographical diversification.