Market & Portfolio Update - May 2019
Market & Portfolio Update - May 2019
Most portfolios gave back a small portion of this year’s strong gains during May, with Balanced Portfolios down around 1% (compared to a 7% gain over the previous 12 months). This was driven by volatility in world share markets as trade tensions were again in the headlines, and some indicators of economic growth continued to weaken.
Global shares were the only major asset class to have negative returns for the month. The other 7 asset classes had a positive return.
With market interest rates also moving lower, fixed interest investments performed well, with both NZ and global bonds rising in value by 1% which helped support overall results.
NZ and Australian shares also performed positively, with our NZ share investments up almost 1%, and Australian shares buoyed by shares in the major banks. Banking shares returned 6% on average, after the Australian Liberal Party’s surprise election win cleared the way for continued favourable tax treatment on their dividends, and less regulatory pressure.
Disclaimer: This article has been prepared for the purpose of providing general information, without taking into consideration any particular investor’s objectives, financial situation or needs. Any opinions contained in it are held as at the report date and are subject to change without notice. This document is solely for the use of the party to whom it is provided.
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.