Market & Portfolio Update - August 2021

10 September by Lifetime in Market Update

Market & Portfolio Update - August 2021

Global share markets were up over 3% in local currency terms for the month, but with the NZ dollar strengthening against most major currencies, this performance was slightly offset for NZ based investors. The US markets led global markets again, with the insurance sector being one of the best performing sectors. The Booster portfolios have been overweight US insurers since February.

The US market was also supported by the US central bank indicating they are likely to be more patient with raising interest rates than what the market was expecting. Although they did suggest reducing the size of their quantitative easing program later this year, provided the economy continues to make substantial further progress.

The New Zealand share market saw the latest round of financial reporting where companies report either their half year or full year financial results. Overall, the results were strong, with the majority of companies coming in ahead of the market’s expectations, reiterating the strength of New Zealand’s economic recovery.

preview image - Desperate Measures For Desperate Times

Desperate Measures For Desperate Times

As humans, we yearn for belonging; we want a shared experience. Psychologists will explain the evolutionary origins of this phenomenon – it’s human nature. Our experiences are all different and it’s not easy to understand exactly how people are feeling.

preview image - Market & Portfolio Update - September 2021

Market & Portfolio Update - September 2021

Global share markets experienced some volatility during the month, falling modestly for the first time since January. This was in part due to expectations of rising global interest rates over the coming months.

by Lifetime in Market Update