Market Insights > Slice of Pie Newsletter > September 2020, Issue No. 145
CEO and founder Mike Taylor reveals August is one of Pie’s best months on record since 2007
Mike and the NZ Herald’s Liam Dann discuss the latest market conditions, post Covid-19.
Read the latest on our Global Growth funds: Global Growth, Growth UK & Europe, and Global Growth 2.
Read the latest on our Australasian Growth funds: Growth, Dividend, Emerging and Growth 2.
August was a strong month for markets all-round, writes CIO Mark Devcich.
Strong returns continue through August
The Conservative Fund was up 0.9% for the month with positive contribution coming from both income and growth assets.
September 2020 Fact Sheet
To invest with Pie Funds, read the PDS and complete the online application form.
Product Disclosure Statements
Past performance is not a guarantee of future returns. No person, including the Directors of Pie Funds Management Limited, guarantees the repayment of units in the funds or any returns of units in the funds. Returns can be negative as well as positive and returns over different periods may vary.
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We are taking steps to try to preserve investor capital and take advantage of opportunities, arising from the severe market disruption associated with COVID-19.
To assist with buying into the current severe sell-off we have secured approval from our supervisor for a temporary exception to our Statement of Investment Policies and Objectives (SIPO), to allow us to exceed our maximum number of positions for the following funds:
We sought permission to increased position limits because we believe it will help us better serve our investors’ interests by:
The exemption is in force now. We will review the need for the exception in six months. If market conditions have returned to more normal settings, we will return within SIPO limits.