Background
When we invest in infrastructure companies at Milford, we look for essential assets, with durable growth and a fair entry price. British-based renewables and flexible


Resilience has consequences
September saw divergent fortunes for various asset classes. Bonds were markedly weaker, broad share markets also struggled but large technology stocks saw strong


Software resurgence
Global shares made a strong start to August and largely held their gains through the month, helping Milford’s growth funds deliver positive performance. Bond

Headquartered in Indianapolis, Eli Lilly is the largest healthcare company in the world. The pharmaceutical giant’s recent success has been driven by GLP-1 drugs, used

From Fire to Photons: The Picks and Shovels of Modern Mining
Every major industry eventually reaches an inflection point, where a centuries-old process is replaced by

Still Waters
July saw global share markets deliver a broadly flat return, masking significant volatility beneath the surface. A rotation within technology stocks drove sharp reversals

Freightways (FRW) is a leading operator of time-sensitive parcel delivery services in New Zealand and Australia. It operates several brands, from premium (NZ Couriers) to

Technology (in)digestion
June saw Milford funds continue to deliver steadily positive returns. Global share markets saw modest volatility but notable rotation within the technology sector. New


HCA Healthcare is one of the largest hospital groups in the United States, with a growing network of outpatient clinics, surgery centres and urgent care

Haves and Have Nots
In May we saw global share markets continue their strong recovery from the March lows. This pushed global shares to new highs

James Buchanan, Senior Analyst
Running a small business involves a mountain of paperwork – managing the accounts, running payroll, reconciling bank statements, and preparing tax returns.

Ceasefire in the Middle East and renewed excitement about AI was enough to see a dramatic turnaround in share markets this month. In contrast, bond