January 2023 - Quarterly Investment Update

Good afternoon,

We hope you had an enjoyable time over the Christmas and New Year period and are looking forward to the rest of 2023 as much as we are.

It is our pleasure to enclose our Summer Update covering the reporting period from October to December 2022.

After a challenging year for investment markets, the final quarter delivered some welcome relief with share markets in particular performing strongly.

Within the update, the lead market commentary article provides an overview of the quarter and highlights several themes, including the current fight to control inflation and the improving outlook for bonds.

A more detailed summary of the various market returns through the quarter, and over longer time horizons, is covered in the key market movements section.

The feature article by Consilium titled ‘Why is there no Lionel Messi of managed funds?’, references the recent soccer world cup, and examines why persistent outperformance in sports is unable to be replicated within funds management. It’s recommended reading for those that believe finding a “guru” fund manager is the pathway to investment success.

We look forward to continuing to update you with the progress of markets and investments throughout the coming months.

We are only a phone call or an email away should you wish to discuss anything. Please get in contact with your adviser or contact us on 0800 NO STRESS (0800 667 873) or email at info@foxplan.nz if you have any questions or would like your adviser to talk through your current investment plan.

Kind Regards,

The FoxPlan Team