Recent Awards

New Zealand Fund Manager of the Year 2014
Fund Manager of the Year: Domestic Equities Category, NZ 2014
Fund Manager of the Year: Fixed Interest Category, NZ 2014

Boutique Manager of the Year 2014
New Zealand Fixed Interest Finalist 2014
Australasian Equity Finalist 2014

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Investment Solutions

Retail Investors

Harbour offers retail investors the following range of NZ unit trust Portfolio Investment Entities (PIEs) either through an Authorised Financial Advisor or RaboDirect:

Australasian Equity Fund

Australasian Equity Income Fund

Australasian Equity Focus Fund

New Zealand Equity Advanced Beta Fund

NZ Core Fixed Interest Fund

NZ Corporate Bond Fund

Wholesale Investors

Harbour offers wholesale investors a range of NZ unit trust Portfolio Investment Entities (PIEs). Contact Jody Kaye for more information.

Non-Resident Investors

Harbour offers wholesale and retail non-resident investors a range of NZ unit trust Portfolio Investment Entities (PIEs). Contact Jody Kaye for more information.

Latest Research

Harbour Navigator - 25 February 2015

Harbour Navigator: NZD/AUD Parity?

Australian travellers buying the kiwi dollar at foreign exchange conversion counters in airports are experiencing NZD/AUD parity. In wholesale markets, NZD/AUD could reach parity in the short term, but we expect to see sub 0.90 over the medium term.

Australasian Equities Monthly Commentary - January 2015

Yield chase in full flight

The New Zealand equity market returned 3.2% and the Australian market rose 3.3% in Australian dollar terms (up 5.6% in NZD terms) over January with lower bond yields fuelling global investor demand for stocks with relatively certain dividend yields including larger capitalisation electricity generation/retailers, telecommunications companies and property companies. The MSCI world equity index fell by -1.5% in US dollars.

Fixed Interest Monthly Commentary - January 2015

A lost decade in Europe?

Global bond yields continued to fall sharply in January, driven by the fall in oil prices, fears of deflation in Europe, and expectations of ECB stimulus. The NZ 10 year government bond yield fell 45 basis points to 3.20%, near an all-time low and considerably below the OCR. At the January Official Cash Rate (OCR) Review, the RBNZ left the OCR unchanged at 3.50%, but hinted at the chance of a rate cut; a tactical move to keep downward pressure on the NZ dollar.

Investment Horizons - February 2015

Negative interest rates are distorting markets

Once upon a time, we all thought that the lowest interest rate could possibly go was zero. However, the actions of European central banks have thrown this assumption on its head. Fifteen percent of global sovereign bonds are now trading with a negative yield. These extremes are creating strains and distortions, including in New Zealand’s financial markets.

Latest Media - 25 February 2015

Shares of SLI jump 15% on 1H revenue increase, slowing cash burn

Shares of SLI Systems climbed 15 percent after the e-commerce search engine developer boosted its operating earnings 34 percent and said it had enough cash on hand for current growth plans.

NZ Herald - 25 February 2015

Summerset wins praise for growth

A busy development schedule and big growth from the country's third largest listed retirement specialist Summerset Group delighted analysts. Net profit after tax for the six months ended December 31 was $54.2 million, up 58 per cent from $34.2 million in the same period the previous year, and the business remains in a big expansion phase.

NZ Herald - 25 February 2015

Writedown by Mighty River Power puts spotlight on Contact plan

Mighty River Power's $69 million writedown on two failed geothermal developments overseas is a lesson for Contact Energy, says an analyst. Contact is considering investing in geothermal projects overseas which has spooked the market which was expecting up to $1 billion in surplus funds to be returned to shareholders over the next five years.