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Global markets ended the year with a late month “Santa Claus” rally. Like November, December begun with volatility caused by concerns over the Omicron coronavirus variant and central bank monetary policy tightening. However, news suggesting the Omicron variant was less severe and a more optimistic economic outlook helped drive risk sentiment and share market gains in the final two weeks of the year.

All funds performed well during the month, with growth-oriented funds outperforming the Conservative Fund. The Focused Growth Fund returned 2.80%, the Focused Growth Trust 2.78%, the Growth Fund 2.61%, and the Conservative Fund 1.45% for December, bringing their returns for 2021 to 11.17%, 11.55%, 8.91%, and 3.09% respectively. Read more

1 Year

3 Year (p.a.)

5 Year (p.a.)

Since inception**

(p.a.)

Focused Growth Fund

11.17%

15.35%

13.31%

11.04%

Growth Fund

8.91%

13.49%

11.91%

10.16%

Conservative Fund

3.09%

7.12%

6.55%

6.09%

Focused Growth Trust

11.55%

11.42%

Market update

Global share markets posted strong returns in December as news the omicron variant was less severe, and a more optimistic economic outlook helped drive risk sentiment and share market gains in the final two weeks of the year.. Read more

International Equities

Berkshire Hathaway

Alphabet

Amazon

Microsoft

Alphabet

External Managers

T Rowe Price Global Equity Fund

Magellan Global Fund

Worldwide Healthcare Trust

Property and Infrastructure

Infratil

Spark

Arvida

Contact Energy

Summerset

Fixed Income 

Westpac Term Deposits

Infratil Bonds

Contact Energy Bonds

Vector Bonds

Mercury Energy Bonds