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Santa rally comes early as one year returns to end of November surge


10/12/2019

santa

The tables below show the performance of our KiwiSaver and investment funds to the end of November 2019.

Here's what influenced the markets last month:

Bonds:

  • NZ bond yields continue to drift higher but are off intra-month highs
  • Positive US economic sentiment has pushed long-term US yields up over the past quarter.

Australasian equities:

  • NZX50 Index up 4.9% in November as heavyweights like Fisher & Paykel Healthcare, Fletcher Building and A2 rise strongly.
  • NZ government in talks with Tiwai smelter owner Rio Tinto to find ways of cutting the ongoing electricity bill. The energy sector stocks recovered some of the previous month’s loses.
  • Retirement village operators Ryman, Metlife & Summerset all posted returns of around 20% for the month. Metlife is in discussions with a potential buyer. 
  • Westpac Australia is embroiled in an Anti-Money Laundering case 

International shares:

  • US indices reach record highs again with the S&P500 index up over 13% for the year.
  • UK focus is on the General Election next week, and it looks like the current PM Boris Johnson could be re-elected and have more power in parliament. This will enable the UK to push through the latest Brexit withdrawal proposal. 
  • Interim US-China trade deal looks likely and this is reassuring those previous 

NZD:

  • Very little movement in the NZD/USD over the month and the volatility in this currency pairing is the lowest it has been for 2 decades.
  • NZD stronger against the major other currencies and up 0.7% on a TWI basis.
  • Weaker Australian data pushes the NZD/AUD back towards 95 cents.

  


Name Inception
Date
3
Months
1
Year
3
Years
Annualised
3
Years
Ranking
KiwiSaver Scheme
Simplicity Growth Fund 01.09.16 4.71% 17.20% 12.45%  
Simplicity Balanced Fund 01.09.16 3.04% 14.62% 9.87%  
Simplicity Conservative Fund 01.09.16  0.39% 10.60% 6.55%  
Simplicity Guaranteed Income Fund 24.10.17   2.81% 13.14%    

 


Name Inception
Date
1
Month
3 month 1
Year
3
Years
Annualised
3
Years
Ranking
Investment Funds
Simplicity Growth Investment Fund 03.04.17   2.57% 4.73% 17.30%    
Simplicity Balanced Investment 
Fund
03.04.17  1.77%  2.97%  14.78%    
Simplicity Conservative Investment 
Fund
03.04.17  0.65%  0.42%   10.57%    
Simplicity NZ Bond Fund 03.04.18  0.03%  -1.12%  8.14%     
Simplicity NZ Share Fund 03.04.18  4.89%  5.49%  28.94%     

These returns are to 30 November 2019 and are before tax and after fund management fees.






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