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.
Market & Portfolio Update: July 2026
Early in the month, renewed tension in the Middle East briefly pushed Brent crude oil above US$100 a barrel, which lifted energy prices and brought inflation concerns back into focus.
Lifetime Book Club: Paradox of Choice by Barry Schwartz
In The Paradox of Choice, psychologist Barry Schwartz explores a curious feature of modern life: while freedom and choice are undoubtedly valuable, there can come a point where having more options makes decisions harder, increases our expectations and leaves us questioning whether we made the right choice at all.
From what to buy and where to eat to decisions about careers, relationships and money, Schwartz looks at the hidden mental cost of constantly comparing our options – and makes the case that sometimes, simplifying our choices can leave us better off.