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 - Market & Portfolio Update - April 2022

Market & Portfolio Update - April 2022

Global share markets continued their choppy start to 2022 during April.For New Zealand based investors, a fall in the NZ dollar played an important role in helping offset the volatility global share markets experienced. The NZ dollar fell against most major currencies supporting the returns of unhedged overseas assets (assets that are free to move with exchange rates). As a result, ‘unhedged’ overseas investments fell by only 1.8% for NZ based investors.

by Lifetime in Market Update
preview image - The KiwiSaver Gender Divide – Why are women saving less and what can be done to combat this?

The KiwiSaver Gender Divide – Why are women saving less and what can be done to combat this?

Recent data shows that, on average, women have 20% less in their KiwiSavers than men. The gap being at its largest between men and women in their 40s and 50s. There are a few factors that come into play causing this divide and although it will take years to achieve equality, there are ways in which we can be proactive to help close the gap. As of August 2021, the gender pay gap is at 9.1% in New Zealand, a decrease of about 0.4% from 2020’s stats.