Kapiti Financial Advice Limited – KiwiSaver and Investment
Global equity markets moved higher in September on better-than-expected US economic activity data, AI optimism, and a reduction in the US federal funds rate. Global bond markets benefited from the lower federal funds rate and longer-term interest rates fell on soft US employment data. The New Zealand sharemarket moved higher on improved investor sentiment as … Read more
Global financial markets were calmer in May, following extreme volatility in April. The US S&P 500 Index led global sharemarkets higher, gaining 6.2%. There is a risk that no clarity is gained on the outcomes of trade negotiations by the end of the year. It is also possible that Trump will persevere with his Liberation … Read more
Melville Jessup Weaver have released their MJW Investment Survey March 2025. The survey discusses the impact of the US trade policy which caused understandable nervousness in the first quarter. Market volatility began to rise around the end of February and peaked for the quarter in early March. Subsequent events in early April, following President Trump’s … Read more
Uncertainty regarding US trade and tariff policy is likely to continue for some time, which will be unsettling for markets. Expect a period of back-and-forth negotiations which may bring further positive surprises for markets. Other developments may also bring relief for global equity markets, including: Central banks continuing to reduce interest rates, particularly in Europe, … Read more
Following a strong start to the year, global share markets drifted lower in February, on US policy uncertainty and the fading of the AI euphoria that drove US share markets higher in 2024. US policy uncertainty means the outlook for share markets is mixed. Despite recent weak data, the US economy remains resilient, corporate earnings … Read more
Better than expected US inflation data, the ongoing resilience of the US economy and solid corporate earnings results provided support for the US market in January. This was despite uncertainty regarding the impact of Chinese AI startup DeepSeek and President Trump’s plans to apply tariffs on imports. Providing support for the outlook, the Fed has … Read more
A small correction in global share markets in October followed a dramatic rise in longer-term US interest rates. Global bond yields moved higher on better-than-expected US economic data and a focus on the growing size of America’s national debt. Stronger than forecast US economic data was one of the reasons why US longer-term interest rates … Read more
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
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