April 2019

This investment commentary contains the following articles:

Quarter in review

Defining risk

Risk parity – model or myth

Future NZ Equity returns – revisited


This quarter we review a strong period for equities and bonds.  We then discuss the various definitions of market risk, and strategies for avoiding them in “Defining risk” and “Risk parity – model or myth”. Finally, we look at where future returns might come from in “Future NZ Equity returns – revisited”.


Disclaimer: The following commentaries represent only the opinions of the authors. Any views expressed are provided for information purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest. All material presented is believed to be reliable but we cannot attest to its accuracy. Opinions expressed in these reports may change without prior notice. Castle Point Funds may or may not have investments in any of the securities mentioned.

Product disclosure statements, issued by Castle Point Funds Management Limited, can be found at www.castlepointfunds.com/investor-documents.