top of page

Portfolio Watch - Q3 2024 | Investor Update

Updated: Nov 28

Trust Management Ethical Investment Funds

Investor Update for the period ending 30 September 2024


Tēnā koutou and hello,


We are pleased to provide you with our September edition of Portfolio Watch.  Here we provide a useful update on market developments and the performance of the PIE Funds during the third quarter of 2024. 


The past three months have seen a mix of volatility and growth across the investment markets.  While there have been fluctuations, particularly in equity and bond markets, we have also started to see early signals of some positive movements in the commercial property sector.  


A big shift in the investment landscape this quarter has been the change in the interest rate outlook. Central banks worldwide, including the Reserve Bank of New Zealand, have been active in adjusting monetary policies to navigate economic challenges.  The changes in interest rate settings have implications for long term endowments and charities who rely on high interest rates to fund their missions.  


Our investment commentaries in this report provides more information alongside our investment outlook. 




Our dedication to Environmental, Social, and Governance (ESG) principles continues to be a cornerstone of our investment approach. We are proud to announce the release of our first Climate Risk Report, which provides comprehensive insights into how we manage and mitigate climate risks across the funds we oversee. You can read this report by clicking here. This report underscores our proactive stance on sustainability and our commitment to ethical investing.


Additionally, we are honoured to have been recognised by the Responsible Investment Association Australasia (RIAA) as a responsible investor during this quarter.  This accolade reflects our unwavering commitment to integrating ethical considerations into every aspect of our investment process.



As we look ahead, we remain focused on navigating the complexities of investment markets with a steadfast commitment to walking alongside our clients as we have done now for almost 25 years. Our team is dedicated to identifying opportunities that align with our clients values and financial goals, ensuring that your investments continue to grow sustainably.


Thank you for your continued partnership and trust. Should you have any questions or wish to discuss your portfolio in more detail, please do not hesitate to reach out to us.



Nā tō rourou, nā taku rourou
ka ora ai te iwi. 

With your food basket and my food basket, the people will thrive.



Nāku iti nei, nā


Rachael McDonald

CEO Trust Management 

Comments


bottom of page