Summer Global Fixed Interest

Summer Global Fixed Interest fund performance update as at 28 February 2017. 

Fund at a glance

Unit price (as at 28 February 2017): $0.9960

Date the fund started: 19 September 2016

For information on fees, see our Fees page.

Further information can be found in the product disclosure statement

Fund returns

 Total since inception1 Month3 Months
Fund -0.27% 0.45% 0.39%


Fund returns are calculated net of fund charges, trading expenses and accrued tax for a New Zealand resident individual paying tax at the highest Prescribed Investor Rate (28%). 

Fund objective and strategy

See the Global Fixed Interest page for the Summary of investment objective and strategy.

Manager's comments

Summer Global Fixed Interest delivered a return of 0.45% for February.

To date, we have elected to limit Summer Global Fixed Interest’s investment exposure to New Zealand bonds and New Zealand cash.

We believe this has served investors well as global interest rates and bond yields have moved higher over recent times.

However, we are preparing to add international fixed interest exposures to the portfolio and expect to do so next month, post the Federal Reserve’s monetary policy meeting scheduled for the middle week of March. 

 

For more information on the Summer Global Fixed Interest fund, read the latest quarterly fund update.

This is not a recommendation to buy or sell any financial product and does not take your personal circumstances into account. All opinions reflect our judgement on the date of communication and may change without notice. Past performance is not a reliable guide to future performance. We recommend you take financial advice before making investment decisions. We have prepared this web page in good faith based on information obtained from other sources, but we do not guarantee the accuracy of that information. We do not make any representation or warranty (express or implied) that this web page is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this web page.