Perpetual Guardian Investments

09/06/2026

SpaceX is reshaping the economics of space and increasingly, the economics of Earth.

As launch costs fall and access expands, new opportunities are emerging across connectivity, data, and global infrastructure, with implications that go far beyond exploration.

Our CIO, Tim Chesterfield, explores what this means for investors and why the space economy is becoming increasingly relevant.

🔗 Read the full article here: https://www.nbr.co.nz/margin-call/what-spacex-promises-about-the-economics-of-space-and-earth/

Last week, the market movements were strongly bookended and characterised by a melt-up on Monday followed by a sharp fall on Friday.

11/05/2026

In his latest piece, Tim explores a defining tension in the AI boom: extraordinary ambition constrained by real-world limits.
Despite over US$700 billion in committed investment, the biggest players in tech remain bottlenecked by shortages across chips, power, and infrastructure revealing that scaling AI is as much a physical challenge as a digital one.
As demand continues to outpace supply, the key question shifts from how much will be built… to what can actually be delivered.
Read the full article here:

Last week, all the AI hyperscalers reported their earnings on the same day and each presented the same underlying tone – one of scarcity. Sundar Pichai, Alphabet’s CEO, said, “We are compute constrained in the near term,” and Amazon noted that capacity is being monetised as fast as it can be...

04/06/2025

In his latest NBR contribution, Tim explores the paradox at the heart of NVIDIA’s soaring valuation: a company many expect to crash, yet one whose dominance in AI hardware continues to grow. Despite persistent market scepticism, NVIDIA’s trajectory is fuelled by extraordinary demand, record-breaking cash flow, and a long-term vision that positions AI as an “infinite game.” As sentiment shifts, the real question may not be whether NVIDIA is in a bubble, but whether the world is finally ready to admit it isn’t.

Read the full article here:

NVIDIA: The ‘Bubble’ that Wasn’t – A Deep Dive into its Unassailable Position in AI NVIDIA: The ‘Bubble’ that Wasn’t – A Deep Dive into its Unassailable Position in AI A Deep Dive into its Unassailable Position in AI by Tim Chesterfield, Chief Investment Officer, PG Investments For t...

27/03/2025

Perpetual Guardian Investments (PGI) combines experience, innovation, and purpose to deliver high-quality investment solutions. As our CIO, Tim Chesterfield, writes in the latest issue of ASSET, succeeding in today’s fast-moving investment landscape requires agility, expertise, and a commitment to transparency. With nearly 150 years of history, PGI partners with experienced investors, offering flexible, globally focused strategies backed by a passionate team.

Read the full article on page 13 of ASSET to learn how we’re shaping the future of investment in New Zealand: https://www.goodreturns.co.nz/article/976524227/out-now-asset-financial-forecasts.html

13/03/2025

AI investment is accelerating, and in this article, Tim Chesterfield examines the latest trends and their implications for investors. With DeepSeek’s R1 LLM emerging as a strong competitor to OpenAI, Alphabet, and Meta, AI innovation is showing that cost-effective models can challenge the notion that scale is everything. As companies pour billions into AI, the divide between consumer and enterprise applications grows, raising crucial questions about the sustainability of this rapid expansion and the long-term value of these investments.

🔗You can read the full article here: https://www.iod.org.nz/news/articles/to-infinity-and-beyond #

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30/01/2024

Here is the latest insights from Tim Chesterfield, our Chief Investment Officer, as he explores the challenges of 2024.
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🌐 This article touches on critical topics—ranging from inflation and AI to climate transitions and global elections.
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Read the full article here: https://pginvestments.nz/words-and-ideas-can-change-things/
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📈 Stay tuned for more updates throughout the year!


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February 2024 ‘No man ever wetted clay and then left it, as if there would be bricks by chance and fortune.’ – Plutarch Welcome to 2024, a new unwritten chapter that I trust will be full of opportunity and in the words of Jason Mraz “may the best of your todays be the worst of […]

20/12/2023

In a year of growth and sharpening of its investment offering, the investment management business Perpetual Guardian Investments (PGI) has partnered with leading global index provider FTSE Russell to adopt its Climate Transition Pathway Initiative strategy (TPI).
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This establishes Perpetual Guardian Investments as the first Australasian wealth manager to implement the index for climate-aware investment in New Zealand and Australia.
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Our Chief Investment Officer, Tim Chesterfield, explains how the adoption of FTSE Russell's climate change index aligns with our new strategy for NZ and AU equities.
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For more details on this positive change, read the full article: https://www.goodreturns.co.nz/article/976522642/pgi-switches-unit-holders-to-climate-indexed-approach.html
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Perpetual Guardian Investments (PGI) has adopted index provider FTSE Russell’s climate change index based on the transition pathway initiative (TPI).

25/09/2023

Embrace the future with us at Perpetual Guardian Investments as we gear up for the wealth transfer of over $1 trillion in the next two decades 🚀

With our revamped investment options, we're simplifying and enhancing your investment journey.

You can learn more about PGI on our website (pginvestments.nz/) and by reading this month’s ASSET magazine accessible via the following link.

https://issuu.com/philipmacalister/docs/asset_winter_2023