Our On-line Library contains a number of articles discussing key aspects of our investment philosophy and process, along with articles covering recent developments in the markets. Further, our quarterly reports containing commentary on topical issues and short articles aimed at enhancing our client's understanding of major components of their portfolios, are also in our library.
The recommended reading section lists several publications which will further develop and enhance your understanding of our investment strategy. You can click on each to purchase from fishpond.co.nz.
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Investment Articles
Select from the links below:
Entrepreneurship and Capitalism - The case for equity investing
It is widely accepted that share or ‘equity’ investments are a key component of any balanced, well diversified investment portfolio. But why are equities a good long term investment? This essay explores the attributes of equity investment in comparison to holding fixed interest securities and considers the preconceived ideas that can bias investor decisions.
Investment Philosophy
The investment strategies of Axiome Consultants Limited combine thorough academic research, carefully defined methodology, and skilful execution.
Portfolio Engineering and the Three Factor Model
The structure of your portfolio is key to the success of your investment.
Efficient Markets
The ‘Efficient Market Hypothesis’ (EMH), asserts that financial markets are “efficient” or that prices on traded assets, such as shares and fixed interest securities, already reflect all known information.
Diversification
Diversification involves spreading the risk in your portfolio across a number of investment assets. This ability to reduce your risk is vital to enhancing your returns.
Active vs Passive Management
The Active vs Passive Investment management debate continues to rage, with the investment industry and financial media promoting the active style of investment management through their vested interests in selling product and information, whereas the leading financial economists and academics and an increasingly large number of enlightened investors are firmly in the passive camp. Where do you sit?
Asset Classes
Asset classes are the key components for constructing well diversified portfolios.
What is Standard Deviation?
Standard deviation is the term often used to describe the volatility or risk of an investment return.
Recent Market Developments
TAX
Investment Tax Changes
New rules for the taxation of offshore share investments apply from 1 April 2007.
KiwiSaver
This article discusses the change to the KiwiSaver scheme from 1 April 2009.
CURRENCY
Uridashi and EuroKiwi
"Carry trades", "EuroKiwi" and "Uridashi" explained.
The Impact of Currency on Investments
In an environment of volatile exchange rates - should you hedge all your offshore investments back to the New Zealand dollar?
MARKETS
Predicting the Future
Discussion of a Bloomberg article on the "world's top analysts", which showed they got it wrong two-thirds of the time!
Credit Crisis Reinforces Asset Class Approach
The credit crisis that has gripped financial markets in recent weeks should not be causing our clients to lose any sleep. Particularly clients who have taken on board the principles of asset class investing that we strive to communicate.
