Devon Funds Management Market Update

Explore sustainable investing in an in-depth discussion between Alice Jones, ESG Analyst at Devon Funds, and Wendy Cromwell, Vice Chair and Head of Sustainable Investment at Wellington Management. Wendy offers expert insights into the impact of U.S. policy on climate-focused investors and explores extreme weather resilience, investor stewardship, and the energy transition. To learn more about our...

With the Reserve Bank of New Zealand holding the Official Cash Rate (OCR) at 2.25% and inflation forecast to remain elevated, monetary conditions continue to tighten. While higher rates may support term deposit returns in the short term, persistent inflation can erode real returns over time. Understanding how these dynamics influence your investment strategy is key in the current environment. Patr...

Curious about dividend investment strategies? Devon Funds Managing Director Slade Robertson and Portfolio Manager Patrick Washer discuss the Devon Dividend Yield Fund's approach to generating sustainable growth and risk-managed returns. To find out more about the Devon Dividend Yield fund, please complete the form below. https://bit.ly/4icKhKx For more market insights and our terms and conditi...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the market rocket fuel provided by Fed Chair Jerome Powell at Jackson Hole. He also looks at why Kiwi dairy farmers are in party mood following Fonterra's asset sale announcement and discusses the contrasting tales from the results of Sky City and Sky TV. For more market insights and our terms and conditions, visit www....

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the cause for celebration in the NZ manufacturing sector which is back in expansion mode. He also discusses the tailwinds from net migration which are now barely a stiff breeze, but are blowing strongly from tourism. Offshore he looks at why US retail sales are strong yet consumers are becoming more uneasy about tariffs. Fo...

11 August 2025 Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the differing reactions to results from travel platform Expedia, retail brand Under Amour and delivery service Instacart, and what they say about the state of the US consumer. Also up for discussion, is the tariff confusion around gold bars, and data showing that deflation might be abating in China. For more...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the big news over the weekend with the US agreeing to a deal with Europe, its biggest trading partner. He also discusses how this will be welcomed by the likes of Volkswagen which delivered a result heavily impacted by tariffs. Meanwhile, Chinese companies will also be looking for some trade relief with profits falling last...

Devon Head of Retail Greg Smith discusses with ZB Mike Hosking the quite different market reactions to results from mega-cap stocks Alphabet and Tesla. Also up for discussion are the numbers from computing giant IBM. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith speaks to ZB's Mike Hosking about how markets have celebrated a trade deal between the US and Japan, and why Japanese automakers are particularly relieved. Also, US car makers who are not so enthused as yet, with General Motors amongst those wearing a big tariff hit, however, there is a cause for optimism for the auto giant. For more market insights and ou...

Devon Funds Head of Retail Greg Smith speaks to ZB's Mike Hosking about results from Coca-Cola, and Donald Trump's influence on the beverage giant's recipe. He also discusses the implications of China's biggest project this century, and what to make of the latest Kiwi trade surplus. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about what a softer than expected NZ inflation print means for the RBNZ's next move. He also discusses strong earnings reports offshore from telco Verizon, Domino's Pizza, and budget airline Ryanair. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about why markets didn't react that positively to solid results from Netflix but lapped up those from luxury goods giant Burberry. He also discusses the latest read on US consumer sentiment. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB's Heather du Plessis-Allan about the current cost of living pressures in New Zealand, focusing on food and rent prices. He also breaks down the recent employment figures from Australia, noting shifts in part-time and full-time work. Additionally, he reviews US retail sales, highlighting good news for the world’s largest economy. For more market...

Devon Funds Head of Retail Greg Smith talks to ZB's Heather du Plessis-Allan about the latest round of bank earnings in the US and what a lower than expected wholesale inflation print means for the interest rate outlook. Locally he discusses updates from two big gentailers and the implications of an announcement by the Electricity Authority regarding off-peak power rates. For more market insig...

Devon Funds Head of Retail Greg Smith talks to ZB's Heather du Plessis-Allan about the latest US inflation print which shows the impact of tariffs to the world's largest economy. He also covers off the key takeaways from the earnings releases of four big US banks. Locally he looks at the latest REINZ data which indicated a subdued housing market. For more market insights and our terms and...

Devon Funds Head of Retail Greg Smith talks to ZB's Heather du Plessis-Allan about the extended contraction in the kiwi services sector, along with slightly more positive news on retail sales. He also looks at why the latest trade data out of China is encouraging, but also needs to be taken with a pinch of salt. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB's Heather du Plessis-Allan about the latest escalation of tariff tensions by Donald Trump and what this means for markets. He also looks at why Levis Strauss is coping well with the trade tensions, and the latest kiwi manufacturing data which has reminded how tough things are for our economy. For more market insights and our terms and conditions, v...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about why the S&P500 has hit a record high despite lingering trade front and geopolitical uncertainties. He also discusses why Nike's results got a big tick from investors, and why Kiwi consumers are feeling a little bit more chipper. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the possible fallout to markets from Donald Trump's decision to launch strikes on Iran over the weekend. He also discusses why UK consumers are feeling the pinch, and why the Bank of Japan is in a bind with inflation at the highest in 2 years. For more market insights and our terms and conditions, visit www.devonfunds.c...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the latest positive news on the trade front with NZ's current account deficit narrowing, and the key takeaways from this morning's Fed meeting. He also discusses claims that global oil demand has peaked. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about weak retail sales numbers out of the US and what this means for the Fed meeting which is underway. Back home, he ponders the still astonishing rise in food prices. Also, up for discussion is one of the surprises from the Bank of Japan's policy meeting. For more market insights and our terms and conditions, visit www.dev...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the hurdles facing a ~A$30 billion takeover bid for energy giant Santos, and what has driven a takeover bid for campervan operator Tourism Holdings. He also discusses whether a surge in retail sales last month means China is in better shape than previously thought. For more market insights and our terms and conditions, visi...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the impact of soaring oil prices amidst escalating tensions in the Middle East, and how this could also affect US consumers who have been feeling more optimistic of late. Back home, he discusses what the Kiwi manufacturing sector slipping back into contraction says about the broader economy. For more market insights and our...

Devon Funds Head of Retail Greg Smith talks with ZB's Mike Hosking on why Kiwi consumers should get out and spend following the latest card spending numbers. He also reviews how AI has driven a huge result from software giant Oracle, and why there should be cautious optimism over a soft wholesale inflation print in the US. For more market insights and our terms and conditions, visit www.devonf...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about some mixed news for the kiwi economy with net migration at the lowest levels since 2014 (ex-Covid), but tourism numbers are pumping. He also discusses why potential buyers may be attracted to Fletchers and casts his view on the latest US inflation numbers which have come in on the soft side. For more market insights and our...