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2025

Market Update April 2025

Mike Taylor
Founder and Chief Investment Officer (NZ)

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Slice of Pie Newsletter

A Message from Mike: A divided America votes
11/11/2024 11:00:00 PM
A Message from Mike: A divided America votes
Founder and Chief Investment Officer Mike Taylor shares his perspective over the month of November 2024.
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A Message from Mike: The Sun is shining a little brighter
10/9/2024 1:00:00 AM
A Message from Mike: The Sun is shining a little brighter
Founder and Chief Investment Officer Mike Taylor shares his perspective over the month of October 2024.
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A Message from Mike: Warren Buffett Turns 94
9/9/2024 12:00:00 AM
A Message from Mike: Warren Buffett Turns 94
Founder and Chief Investment Officer Mike Taylor shares his perspective over the month of August 2024.
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A Message from Mike: With volatility comes opportunities.
8/5/2024 2:00:00 AM
A Message from Mike: With volatility comes opportunities.
Founder and Chief Investment Officer Mike Taylor shares his perspective over the month of July 2024.
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A Message from Mike: Investment Insights from the UK & Europe
7/8/2024 2:00:00 AM
A Message from Mike: Investment Insights from the UK & Europe
Founder and Chief Investment Officer Mike Taylor shares his perspective over the month of June, from over in the UK.
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In the Media

Pie Funds announces $10m investment into Icehouse Ventures’ Growth Fund II
11/7/2024 11:00:00 PM
Pie Funds announces $10m investment into Icehouse Ventures’ Growth Fund II
New Zealand owned KiwiSaver manager Pie Funds today announced a $10m commitment towards Icehouse Ventures’ Growth Fund II, a $100m late-stage venture fund that provides exposure to 20 of New Zealand’s leading technology companies.
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Market Watch: Trump unleashes the Wall St bull
11/6/2024 11:00:00 PM
Market Watch: Trump unleashes the Wall St bull
Regardless of what President-elect Donald Trump plans to do with the economy, US markets were in celebration mode this week, surging to new records – and probably lifting local KiwiSaver accounts with them.
Find out more
Market Watch: ‘Melt-up’ - what’s behind the record breaking stock surge
10/3/2024 2:00:00 AM
Market Watch: ‘Melt-up’ - what’s behind the record breaking stock surge
With fair winds from Federal Reserve rate cuts and China’s new stimulus package the global markets have been experiencing a “melt-up”, says Pie Funds' Chief Investment Officer Mike Taylor.
Find out more
Market Watch: The ‘September effect’, heading into Wall Street’s ‘crash zone’
9/3/2024 2:00:00 AM
Market Watch: The ‘September effect’, heading into Wall Street’s ‘crash zone’
When it comes to Wall Street meltdowns, September and October seem to have an outsized place in the popular imagination.
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Market Watch: The Kamala effect and what investors should expect from the next US President
8/5/2024 2:00:00 AM
Market Watch: The Kamala effect and what investors should expect from the next US President
The past month has seen a seismic shift in the US political landscape. We’ve seen an assassination attempt on the leading presidential candidate and then a greatly revived Democratic Party with the departure of incumbent Joe Biden.
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Investor Updates

Kia Ora Magazine: Fueling the future: Investing in Kiwi Innovation
3/3/2025 11:00:00 PM
Kia Ora Magazine: Fueling the future: Investing in Kiwi Innovation
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Market Update February 2025
2/23/2025 11:00:00 PM
Market Update February 2025
In our latest update, Sam de Court (Wealth Adviser) and I are joined by Guy Thornewill (Head of Global Research - UK).

We discuss Trump’s first month in office, the emergence of AI rival DeepSeek and I share some views on what the Reserve Bank should be doing about interest rates in New Zealand.
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Market Update December 2024
12/18/2024 11:00:00 PM
Market Update December 2024
In our latest update, Sam de Court (Wealth Adviser) and I are joined by Michelle Lopez (Head of Australasian Equities).
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Kia Ora Magazine: What the Cut? Time to Flex your Saving Strategy
12/15/2024 11:00:00 PM
Kia Ora Magazine: What the Cut? Time to Flex your Saving Strategy
It’s here, finally! Long-awaited relief for borrowers has arrived as the Reserve Bank of New Zealand has begun the process of restimulating our battered economy. And there’s more to come.
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Market Update November 2024
11/26/2024 11:00:00 PM
Market Update November 2024
In our latest issue, Guy Thornewill (Head of Global Research), Toby Woods (Senior Investment Analysist for Global and UK & Europe Funds), Michelle Lopez (Head of Australasian Equities) and I have filmed our Investor Update presentations for you.
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KiwiSaver

12/30/2023 11:00:00 PM
A Message from Mike: Our predictions for 2024 : Mike Taylor
Founder and Chief Investment Officer Mike Taylor covers the December markets.
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11/29/2023 11:00:00 PM
A Message from Mike: A Turning Point in Interest Rates : Mike Taylor
Welcome to our KiwiSaver members and your first newsletter under the Pie banner. In November, global markets posted a strong recovery, which is a welcome change to the tone for most of the year.
Founder and Chief Investment Officer Mike Taylor looks ahead after October's Geopolitical risks and higher interest rates.
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10/30/2023 11:00:00 PM
A Message from Mike: Have interest rates peaked? : Mike Taylor
Founder and Chief Investment Officer Mike Taylor covers the August markets.
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11/7/2024 11:00:00 PM
Pie Funds announces $10m investment into Icehouse Ventures’ Growth Fund II : Mike Taylor
New Zealand owned KiwiSaver manager Pie Funds today announced a $10m commitment towards Icehouse Ventures’ Growth Fund II, a $100m late-stage venture fund that provides exposure to 20 of New Zealand’s leading technology companies.
Find out more
11/6/2024 11:00:00 PM
Market Watch: Trump unleashes the Wall St bull : Mike Taylor
Regardless of what President-elect Donald Trump plans to do with the economy, US markets were in celebration mode this week, surging to new records – and probably lifting local KiwiSaver accounts with them.
Find out more
10/3/2024 2:00:00 AM
Market Watch: ‘Melt-up’ - what’s behind the record breaking stock surge : Mike Taylor
With fair winds from Federal Reserve rate cuts and China’s new stimulus package the global markets have been experiencing a “melt-up”, says Pie Funds' Chief Investment Officer Mike Taylor.
Find out more
9/3/2024 2:00:00 AM
Market Watch: The ‘September effect’, heading into Wall Street’s ‘crash zone’ : Mike Taylor
When it comes to Wall Street meltdowns, September and October seem to have an outsized place in the popular imagination.
Find out more
8/5/2024 2:00:00 AM
Market Watch: The Kamala effect and what investors should expect from the next US President : Mike Taylor
The past month has seen a seismic shift in the US political landscape. We’ve seen an assassination attempt on the leading presidential candidate and then a greatly revived Democratic Party with the departure of incumbent Joe Biden.
Find out more
5/21/2024 12:00:00 AM
Local but Global: Pie Funds' Unique Investment Approach : Mike Taylor
At Pie Funds, we understand the importance of local knowledge and the role people play in driving performance, which is why we have investment teams based in offices in Auckland, Sydney, London, and Hawke’s Bay.
Find out more
5/17/2024 12:00:00 AM
Market Update May 2024 : Toby Woods
With Toby Woods, we discuss current market trends, the strength of May markets, and insights from a recent research trip to Switzerland.
Find out more
4/18/2024 12:00:00 AM
Market Update April 2024 : Mike Ross
With Mike Ross we talk about increased takeover activity in Australia and what is driving this. We also talk about one of our largest Australian holdings, MMA Offshore, which is in the process of being taken over.
Find out more
3/24/2024 11:00:00 PM
March Global Market Update : Mike Taylor
Our funds are up strongly of late because we’re in a bull market and we’ve made some good stock picks to capture this. So what is the outlook for the rest of the year? Watch the latest on what's been happening across the globe from our teams in NZ, Australia and UK. 
Find out more
11/15/2023 11:00:00 PM
Market Update November 2023
Guy Thornewill discusses how higher interest rates are affecting company profits, explores opportunities in emerging global markets, and discusses manufacturing renaissance in the US.
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11/15/2023 11:00:00 PM
Market Update November 2023 : Mike Taylor
Mike Taylor delves into global inflation, interest rates, examines the impact of Middle East conflicts on oil prices, and introduces the new upcoming products at Pie that we've been working on behind the scenes.
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11/15/2023 11:00:00 PM
Market Update November 2023 : Toby Woods
Toby Woods explores market opportunities in Scandinavia, analyses the economic growth in France and explains the importance of innovation for investment decisions. 
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11/15/2023 11:00:00 PM
Market Update November 2023 : Michelle Lopez
Michelle Lopez explores the influence of consumer strength and earnings expectations on the share market, delves into opportunities within micro caps, and outlines our approach to managing risk through diversified sector exposure.
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11/8/2023 11:00:00 PM
Market Watch: 1000 day bear market - surviving ‘the great malaise’
Call it Groundhog day, death by 1000 cuts or “the Great Malaise”, it feels like investors are caught in a feedback loop endlessly waiting for the call that interest rates have peaked.
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11/15/2023 11:00:00 PM
Market Update November 2023 : Mike Taylor
Mike Taylor delves into global inflation, interest rates, examines the impact of Middle East conflicts on oil prices, and introduces the new upcoming products at Pie that we've been working on behind the scenes.
Find out more
11/15/2023 11:00:00 PM
Market Update November 2023
Guy Thornewill discusses how higher interest rates are affecting company profits, explores opportunities in emerging global markets, and discusses manufacturing renaissance in the US.
Find out more
3/24/2024 11:00:00 PM
March Global Market Update : Mike Taylor
Our funds are up strongly of late because we’re in a bull market and we’ve made some good stock picks to capture this. So what is the outlook for the rest of the year? Watch the latest on what's been happening across the globe from our teams in NZ, Australia and UK. 
Find out more
4/3/2024 11:00:00 PM
Market Watch: Is Bitcoin back for good? : Mike Taylor
The surprising stat that points to a Wall Street boom... and is Bitcoin back for good?
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4/11/2024 12:00:00 AM
A Message from Mike: Infrastructure for Growth : Mike Taylor
Founder and Chief Investment Officer Mike Taylor puts forward the case for significant investment in New Zealand's infrastructure to address New Zealand current economic environment for the long term.
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4/1/2025 11:00:00 PM
Maximise your KiwiSaver investment with the annual Government contribution
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4/18/2024 12:00:00 AM
Market Update April 2024 : Mike Ross
With Mike Ross we talk about increased takeover activity in Australia and what is driving this. We also talk about one of our largest Australian holdings, MMA Offshore, which is in the process of being taken over.
Find out more
5/10/2024 12:00:00 AM
A Message from Mike: A Closer Look at Australia's Resilience : Mike Taylor
Founder and Chief Investment Officer Mike Taylor explores how April's market dynamics, from global tensions to promising tech earnings, are shaping investment opportunities.
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5/8/2024 12:00:00 AM
Market Watch: Gold Rush - Why investors are buying gold this year : Mike Taylor
Why gold hit an all-time high this year... and can it keep rising?
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5/17/2024 12:00:00 AM
Market Update May 2024 : Toby Woods
With Toby Woods, we discuss current market trends, the strength of May markets, and insights from a recent research trip to Switzerland.
Find out more
5/21/2024 12:00:00 AM
Local but Global: Pie Funds' Unique Investment Approach : Mike Taylor
At Pie Funds, we understand the importance of local knowledge and the role people play in driving performance, which is why we have investment teams based in offices in Auckland, Sydney, London, and Hawke’s Bay.
Find out more
5/30/2024 12:00:00 AM
Market Watch: Global demand for electricity soars with rise of AI and EVs - who will pay? : Mike Taylor
Electric power consumption is expected to soar in the next few years. What will increased demand mean for share market investors?
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6/10/2024 12:00:00 AM
A Message from Mike: Power Crisis : Mike Taylor
Founder and Chief Investment Officer Mike Taylor explores reflects on the power crisis, a concern for us all as winter arrives.
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6/19/2024 12:00:00 AM
Market Update June 2024 : Sam de Court
Join me in the latest market update video featuring Travis Murdoch, our Head of Fixed Income, and Michelle Lopez from Sydney, our Head of Australasian Equities.
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