6/28/2022 12:00:00 AM

Mid-Year Market Update: Finding hidden gems during global volatility

In part two of our Mid-Year Market Update video series, we hear from Toby Woods, Senior Investment Analyst for Global and UK & Europe fund, and Guy Thornewill, Head of Global Research. Both are based in our London office.

In the first part of the video, Toby Woods takes a look back in time, covering strategic similarities between Pie Funds and the first explorers of the Antarctic.

Standing outside the British Museum, Woods explains how thinking outside the box helped the early explorers reach their goals. 

Having all the tools doesn’t necessarily mean success, Woods says, and the same applies to investing.

“In a boutique like Pie we can be more nimble, and that’s exactly what we are striving to do,” Woods explains.

“In the current climate, we are prepared to adapt and change to suit the conditions we are in,” he says.

In the second part of the video, Guy Thornewill covers key investment activity in our global funds. 

“Being agile and flexible is important in volatile times, as is being able to think outside the box,” Thornewill says.

At Pie, this has meant looking further, and in new locations, for opportunities, he says. 

“The core goal of the funds will still be finding high-quality growth stocks with large growing addressable markets, sustainable profit growth, strong balance sheets and great management teams.”

So in what areas have our investment team found opportunities? 

If you have any questions or want to talk anything over, we encourage you to get in touch. Please contact your Relationship Manager or the team at [email protected] or 09 4861701.

View other videos in our Mid-Year Market Update Series:

Video 1: CEO + Founder Mike Taylor on current market conditions

Video 3: Portfolio Manager Michael Goltsman on three key company attributes in this climate

Video 4: Portfolio Manager Mike Ross on companies and sectors we have reduced exposure to

Video 5: Head of Wealth and Client Services James Paterson covers volatility in your portfolio

Information is current as at 28 June 2022. Pie Funds Management Limited is the manager of the funds in the Pie Funds Management Scheme. Any advice is given by Pie Funds Management Limited and is general only. Our advice relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees, like brokerage, if you act on any advice. As manager of the Pie Funds Management Scheme investment funds, we receive fees determined by your balance and we benefit financially if you invest in our products. We manage this conflict of interest via an internal compliance framework designed to help us meet our duties to you. For information about how we can help you, our duties and complaint process and how disputes can be resolved, or to see our product disclosure statement, please visit www.piefunds.co.nz. Please let us know if you would like a hard copy of this disclosure information. Past performance is not a reliable indicator of future returns. Returns can be negative as well as positive and returns over different periods may vary.