#Investor Update
#Investor Update
5/17/2024 12:00:00 AM
#investor update

Market Update May 2024

With Toby Woods, we discuss current market trends, the strength of May markets, and insights from a recent research trip to Switzerland.

In our latest video, Sam de Court (Wealth Advisor) and Mike Taylor (Founder and CIO) are joined by Toby Woods (Senior Investment Analyst, Global Funds and Property & Infrastructure Fund) from our London office. We discuss the latest market updates, including inflation, interest rate expectations, and positive developments in European markets.

With Mike, we talk about the "sell in May and walk away" adage and how it hasn't held true this year. We also discuss the market's resilience in the face of inflation concerns and potential interest rate hikes, with the S&P 500 reaching a new all-time high.

With Toby, we talk about his recent research trip to Switzerland, where he visited high-quality businesses in various sectors, including air quality sensors, pharmaceuticals, and flavours and fragrances. We also discuss the improved outlook for European markets and the attractive valuations in blue-chip and small-cap stocks driven by potential interest rate cuts from the European Central Bank.

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Information is current as at 16 May 2024. Pie Funds Management Limited is the manager and issuer of the funds in the Pie Funds Management Scheme and Pie KiwiSaver Scheme (the Schemes). 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 Schemes' 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.

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