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Investment Updates

INVESTMENT UPDATE / MARCH 2019

It was a gloomy finish to 2018 for the global economy. Markets plunged and America’s government was locked in a seemingly endless shutdown, but developments have not played out as dismally as feared.

INVESTMENT UPDATE / FEBRUARY 2019

Politics continues to play a major role in the risks to the global economic outlook, with the threat of ongoing and potentially escalating trade tensions and a hard Brexit outcome still lingering.

INVESTMENT UPDATE / DECEMBER 2018

For New Zealand, our economy has been supported by the tailwinds of record-high Terms of Trade, low interest rates and strong population growth. Nonetheless, business confidence remains weak and points to an upcoming slowdown in growth led by a fall in business investment.

INVESTMENT UPDATE / NOVEMBER 2018

Despite a tumultuous month for equity markets, the current period of steady expansion of the global economy continues. The expansion, however, has become less balanced and may have peaked in some major economies.

INVESTMENT UPDATE / OCTOBER 2018

The global growth remains strong as major developed economies continue in mature stages of their economic cycle.

INVESTMENT UPDATE / SEPTEMBER 2018

Investment returns have been strong for a considerable period and we continue to recommend that a balanced approach to investment be maintained.
 

INVESTMENT UPDATE / AUGUST 2018

The world economy remains strong and the near-term outlook is fairly bright, despite the recent escalation in trade tensions. Global growth is robust as major economies continue in mature phases of an extended economic expansion.

INVESTMENT UPDATE / JULY 2018

The near-term outlook for the world economy is still positive, however, mounting tensions over a potential US-China trade war suggests an elevated risk to the medium term outlook.

INVESTMENT UPDATE / JUNE 2018

Generally, the month of May was consistent with the 2018 story of a global economy entering a mature stage characterised by market volatility, the gradual emergence of inflation, higher interest rates (primarily in the US) and a softening of global economic growth indicators.

INVESTMENT UPDATE / MAY 2018

Since February, equity market volatility has jumped from historically low levels, although this largely seems to have been technically-driven. Continued synchronized global growth and historically low interest rates are still supportive of equity markets, while economic indicators are not yet signaling the end of the business and market cycle that started in 2009.