Newsletter – November 2025

Introducing our new Australian Active manager, DNR Capital, and a taste of their investment philosophy.

This month we discuss currency – the opportunities a weaker New Zealand dollar creates for your investments and how we cushion against currency volatility.

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

Our theme this month is Albert Einstein’s Eighth Wonder of the World – The Power of Compounding.

Our theme this month is diversification. Diversifying investments can mitigate risk by balancing the ups and downs of individual shares, and individual countries to reduce their impact on your entire portfolio. A diversified portfolio is more resilient because it’s designed to capture growth while providing relative security during market downturns.