Market Insights > Slice of Pie Newsletter > January 2024, Issue No. 185
Despite some dire predictions 12 months ago, 2023 turned out stronger in the end for most investors.Founder and Chief Investment Officer Mike Taylor looks at what to expect and what to watch out for in 2024.
Founder and Chief Investment Officer Mike Taylor covers the December markets.
Read the latest monthly updates on our funds.
Despite being sluggish and dipping into contraction in the third quarter we have technically avoided a recession - based on two successive quarters of contraction.
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To Invest with Pie Funds' investment funds, read the PDS and complete the online application form.
Product Disclosure Statements
Pie KiwiSaver Scheme has a range of actively managed funds, led by our local and global investment team that aim to provide expert insights and above-average returns over the long-term.
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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.
You have now been redirected to the Pie Funds site, your KiwiSaver Scheme Manager.
Please note that the JUNO KiwiSaver Scheme has undergone a name change and has a new site.