Kapiti Financial Advice Limited – KiwiSaver and Investment
The global central bank interest rate easing cycle gathered pace over September, resulting in a continuation of strong returns from fixed income and global share markets. Key themes were: Global equity markets gained late in the month on lower interest rates. During September the US S&P 500 index hit its 42nd record high for the … Read more
In this month’s Investment Update, Generate’s Nathan Field takes 5 minutes to share his insights following a trip to the US. He also discusses the Chinese sharemarket and whether Generate invests in China. The key takeaways are: In the Tech sector every company he saw continues to lean into AI. There is still a lot … Read more
July witnessed several market moving events leading to high levels of volatility. Except for large cap US technology companies, which declined in value over the month, the volatility was generally to the positive side with both fixed income and equity markets delivering positive returns. Events over July included a surprise French election result, dramatic developments … Read more
The Responsible Investment Association Australasia (RIAA) and Mindful Money have published their 2024 consumer report, Voices of Aotearoa: Demand for Ethical Investment in New Zealand. The study reveals that more Kiwis support responsible investing than ever before, led by young Kiwis, revealing a strong preference for aligning investments with personal values and long-term sustainability. Key … Read more
Global sharemarkets rose in June, led higher by the US sharemarket, with US US technology companies continuing to lead the way. European markets fell amidst heightened political uncertainty across Europe. NZ’s sharemarket fell -1.2%, reflecting the ongoing weakness in the local economy. Companies exposed to the local economy continued to underperform. Australian equities rose 1.0% … Read more
Established in 1998, Booster Financial Services Limited is a Wellington based fund manager, recognised for responsible investing, including a number of ethical accreditations and partnerships. Booster’s track record reflects a very capable investment approach utilising a mix of active and passive management, centred around diversification and direct ownership of assets. In their April 2024 Portfolio … Read more
Attached is a copy of our Select Wealth Management Monthly View. Key points: The ongoing resilience of the US economy is supportive of US corporate earnings, and global economic activity is stabilising. This is supportive of a broader range of stocks outside the narrow range of AI/tech stocks known as the Magnificent Seven. Risks remain … Read more
Reserve Bank expected to start cutting rates later this year Markets and economists are now expecting the Reserve Bank of New Zealand to start cutting its benchmark interest rate this year and wholesale interest rates have moved down in anticipation. Last week’s Consumers Price Index release supported the view that domestic-driven inflation pressures are easing, … Read more
KiwiSaver and Tax We often get asked about KiwiSaver and tax. In short, you pay tax on the money your KiwiSaver fund earns (the profit it makes on your behalf), but you do not pay tax on any money you withdraw from your KiwiSaver account. Not all of the money that your KiwiSaver fund earns … Read more
Booster has launched Booster Savvy, an innovative smart account and Mastercard debit card, which also earns a competitive interest rate. Savvy is underpinned by an investment account but with a debit card and NZ bank account number, providing customers with access to their money to enable day-to-day payments and transactions, while still making a return … Read more