Devon Funds Management Limited ("Devon") is an independent investment management business that specialises in building investment portfolios for their clients that are comprised of companies listed on the New Zealand and Australian stock exchanges.
Devon's approach is an active one where their rigorous research and analytical skills are applied to maximum advantage.
Devon's highly qualified and experienced investment team is committed to helping investors achieve their investment results. Devon believes their advantage lies in their people - a dedicated team of investment professionals with over 100 years combined experience in the investment industry both within Australasia and further afield. They've worked hard to assemble the right talent with the necessary skills and experience to manage their client's portfolios.
Back to the future
Many markets have enjoyed a very positive start to the year. The Dow surged 4.7% in January, while the S&P500 advanced 2.8% and the Nasdaq rose 1.6%. European indices rose nearly 7% to record highs and the UK’s FTSE100 surged over 6%...
MORE»Devon Funds 2025 Predictions
While a new year is already underway, it is early days. This makes it still a timely point to wheel out the crystal ball and engage in the well-established tradition of making big-picture predictions on developments and factors that will shape markets and investment portfolios in the year ahead.
MORE»Animal spirits
November was a very strong month for most equity markets.
MORE»Extreme measures for extreme circumstances – why the RBNZ should cut the OCR by 0.75% when it meets this week
Around six weeks ago we made the case for a 0.75% cut at each of the two final RBNZ meetings of the year. This was a non-consensus call. In the end, the central bank cut rates by 0.50% last month, but expectations following October’s CPI number started to shift in terms of what will happen at this week’s meeting.
MORE»Why the Reserve Bank should cut interest rates by a further 1% before Christmas
Last week the RBNZ came through with a “super-sized” rate cut of 0.5% that many economists proclaimed they had predicted. The move was not exactly a huge call given the state of the economy. Another 25bps was arguably an option, and investors took heart that the cut was larger. A more aggressive central provides a prospective tailwind for exporters. Falling interest rates significantly boost the appeal of high dividend companies.
MORE»The results are in
The deluge of results on both sides of the Tasman provided a host of contrasts, and highlighted the importance of being highly selective and discerning when it comes to active investing strategies.
MORE»Cutting to the chase
The RBNZ has “cut to the chase” with the first rate cut in over 4 years. Is this cause for celebration and what does this mean for the NZ economy and stock market?
MORE»Meeting half-way
June saw a continuation of this year’s themes, with US equity markets continuing their 20-month bull run, led by the technology sector, and AI-related names in particular.
MORE»Lessons from a silent housing crash
It certainly has been a rollercoaster ride for the economy and markets over the past four years.
MORE»Air New Zealand – brightness on the horizon?
It is no secret that the airline industry has faced a turbulent time in recent years, with participants halted for long periods during the pandemic, and making large losses.
MORE»Still in charge
Globally, March was a robust month for markets.
MORE»The bulls are back
Globally, most stock markets have made a strong start to the year, Leading the way has been the US indices, with the S&P500 rallying 3.3% in January, making new record highs, as did the Dow Jones which went through 38,000 for the first time ever.
MORE»