Announcement from the CEO

In light of the COVID-19 Levels imposed across New Zealand all Midlands staff, where possible, will be working from home with effect Wednesday 25th March 2020. Please note that our Hastings office will be closed to the public from this date forward. As scheduled, we will still be running the quarterly distribution at the end of […]

Coronavirus update

Coronavirus – COVID19 is a hot topic.   This, and the OCR rate drop (16th March), will lead to our current and prospective clients to ask: how does this affect lending and investments? The short answer for Midlands is that our business model does not change. We look for quality loans, with great servicing and […]

Coronavirus – COVID19 / OCR update

Coronavirus – COVID19 is a hot topic. This, and the OCR rate drop today (16th March), will lead to our current and prospective clients to ask: how does this affect lending and investments? The short answer for Midlands is that our business model does not change. We look for quality loans, with great servicing and […]

What will 2020 bring?

  Tobias Taylor was asked to provide his thoughts on what 2020 will bring for an article in the 10th birthday issue of The Profit magazine. Read his article below: What are your predictions? I can hardly claim this is a prediction, because it is well documented.  But certainly, in the immediate term, we will continue to live […]

New Zealand Economic Outlook

  The New Zealand economy has a little less wind in her sails than usual. Many financial commentators believe that growth will stabilise and begin to recover gradually in early 2020. In November the RBNZ surprised the market and left the Official Cash Rate (OCR) on hold at 1.00%, deeming economic developments had not warranted […]

Shock and Orr

    Currently, it is very difficult to speak of anything but the low interest rates affecting savers and investors. The Reserve Bank of New Zealand has taken a breather with its September & November announcements and left the Official Cash Rate (OCR) at 1.00%. To be fair, after the hefty movement of 0.50% “south” on 7th […]

Investment Manager Appointment

  Elliott Jackson has joined Midlands Mortgage Trust in the newly created role as Investment Manager with effect 14 October 2019. Elliott’s primary responsibilities are investor front of office services, as well as the growth of the funds managed by Midlands. Elliott comes to Midlands with over 30 years in financial services in the United […]

It’s true. You can’t eat relative returns.

  If you have money in the bank, no doubt you found it hard to get excited about the Reserve Bank interest rate cuts in May and June, accompanied by the following comment in a Reserve Bank statement that left the door open for further cuts on the back of a softening economy: (post publish note, […]

CEO Appointment – Fund Managers Central Ltd

  Following an extensive search and recruitment process, Fund Managers Central Ltd (FMCL), manager of Midlands Mortgage Trust (MMT), is pleased to confirm the appointment of new CEO Tobias Taylor, as of 1st July 2019. Born and educated in Hawke’s Bay, following an initial military career, Tobias has built a successful career in banking and […]

Financial Markets Authority registration success

  Midlands Mortgage Trust is now focused on growth following the licensing of its manager, Midlands Funds Management Limited by the Financial Markets Authority. Midlands Mortgage Trust general manager Peter Harrison said the FMA Managed Investment Scheme licensing process which took 18 months to complete has put the Fund Manager in a strong position to […]