Market & Portfolio Update - March 2019

12 April 2019 by Lifetime in Market Update, Investments

Market & Portfolio Update - March 2019

Market & Portfolio Update - March 2019

Global share markets had another positive month and have had one of the fastest starts to the year since the 1990’s, rising over 10% since the start of January.

More broadly, the global economy’s growth continues to moderate in pace, and this has led to falling long-term interest rates. Nevertheless, there have been some positive noises of a resolution between the United States & China on their trade disputes.

However, it was the NZ share market that stole the show, rising 6% in March, and 12% so far in 2019. Shares in more income-oriented companies (like the electricity generators that make up almost 20% of the market) have received a lot of support from the lower interest rate outlook, with expectations of at least one OCR cut in 2019.

Encouragingly, falling interest rates are usually supportive for companies and consumers alike. Companies that are looking to grow their business can get access to better funding, while falling mortgage rates are likely to provide some support to the slowing NZ housing market.

Disclaimer: This article has been prepared for the purpose of providing general information, without taking into consideration any particular investor’s objectives, financial situation or needs.  Any opinions contained in it are held as at the report date and are subject to change without notice.  This document is solely for the use of the party to whom it is provided.

preview image - Lifetime Announces New CEO - Andrew Logan

Lifetime Announces New CEO - Andrew Logan

We are thrilled to announce that Andrew Logan has joined Lifetime's Senior Leadership Team as our new Chief Executive Officer (CEO). Reporting directly to Peter Cave, who remains our Managing Director, Andrew brings over 20 years of rich experience in financial services, encompassing national advisory roles, management, and business development across banking and insurance sectors.

13 June 2024 by Lifetime
preview image - Understanding Income Protection Insurance and Tax Deductions

Understanding Income Protection Insurance and Tax Deductions

Whether you're a business owner or earning a salary, income protection insurance can offer valuable financial security in uncertain times. But did you know that you may also be able to claim the cost of your income protection insurance as a tax deduction?

30 May 2024 by Lifetime in Accounting, Insurance