Written by Mike Taylor, Executive Director, Founder & CEO;
The Conservative Fund was up 0.9% for the month with positive contribution coming from both income and growth assets.
We are well advanced in transitioning the portfolio to offering a more diversified product which now includes NZ fixed interest, global fixed interest, US high-yield, term deposits, cash and direct equities.
Key contributors to performance this month were Coca-Cola, Alibaba, Apple, Salesforce & Summerset and NZ local government bonds. Key detractors were Newcrest Gold and Z Energy (Z fell when Auckland went back into lockdown).
Past performance is not an indicator for future performance. This is not intended to be financial advice and does not take into account any particular person’s circumstances. Before relying on this information, please speak to an independent financial adviser. Pie Funds is the issuer of the Pie Funds Management Scheme. For access to the PDSs, please click here.