Market & Portfolio Update - July 2021
Global share markets had another good month, with the US market performing well. July saw many US companies report their latest financial results, with around 85% of companies beating the market’s expectations. Investments in overseas shares also benefitted from the NZ dollar falling over the month. This added approximately 2% to the portion of your overseas investments where the currency is ‘unhedged’ and free to move with foreign exchange rates.
The global share managers which we employ to manage part of your global share investments both performed well during July. California-based Fisher Investments led the way, supported by their holdings in a number of large US technology companies. The share price of US technology companies have risen strongly over the past month, with the industry reporting 45% growth in earnings compared to last year.
The New Zealand and Australian share markets were relatively flat during July. The latest Covid outbreak has seen many of the Australian states move back into lockdown. As a result, businesses which rely on physical stores have been impacted. Several New Zealand based companies were also impacted by the lockdowns, such as Kathmandu and corporate travel software company, Serko.
Market & Portfolio Update - April 2025
Global markets began April with some volatility as investors digested “Liberation Day” tariffs announced by the Trump administration. In particular, investors feared a tariff war would lead to higher inflation, lower global growth, and the potential erosion of the historic ‘safe haven’ status enjoyed by the US dollar. However, the markets recovered a significant portion of these losses following the announcement that all reciprocal tariffs except China’s would be delayed for 90 days. Due to the volatility, global markets were down -3.8% for the month.
Staying Cyber Smart
At Lifetime, looking after your financial wellbeing includes helping you stay safe online. Lately, we’ve seen an increase in online scam attempts across the financial sector here in New Zealand, so we thought this was a good time to share a few friendly reminders on how you can stay protected.