Market & Portfolio Update - January 2020

18 February by Lifetime in Market Update, Investments

Market & Portfolio Update - January 2020

Market & Portfolio Update - January 2020

The first month of 2020 saw volatility return to global markets, first with the attack by the US on Iran, followed by the recent health scare of the coronavirus. While global markets predominantly ended where they started in local terms, a falling NZ dollar, increased the value of unhedged overseas assets for NZ investors.

Long term interest rates around the world were lower by a quarter percent as investors retreated to safer government bonds in anticipation of the potential negative impact to global growth by the coronavirus.

At the end of 2018 we set up the NZ Innovation Booster partnership with Victoria University’s research arm, VicLink. To date, the partnership has invested in four exciting companies and this month we added two more; cancer diagnostics company Ferronova and antimicrobial coatings business Inhibit. We are very excited to be investing in NZ ideas that have the potential to transform their discoveries into products or services that have a real benefit to society.

Any day now, if not already, you are going to get your Kiwisaver annual statement. This year the statements must have a projection to give you some indication of how much you could have in your account at retirement.

by Lifetime in Debt

Debt. She’s a heavy burden to carry.

According to a recent research report by the Financial Services Council, 46%1 of New Zealanders have had their mental health affected by their finances.