Market & Portfolio Update - October 2023

14 November 2023 by Lifetime in Market Update

Market & Portfolio Update - October 2023

Global share markets declined 2.6% in local currency terms in October, as they were impacted by rising long-term bond yields. However, the NZ dollar also weakened by a similar amount, providing a significant offset for NZ-based investors.

The latest US economic manufacturing and employment data came in strong last month, demonstrating the ongoing resilience of the US economy. This economic resilience has been a key driver of the recent rise in bond yields, as investors anticipate interest rates will stay higher for longer.

Despite a lower-than-expected inflation figure, New Zealand’s bond yields followed global markets higher last month. New Zealand’s latest quarterly inflation report showed our annual inflation rate declining to 5.6%, which was lower than the Reserve Bank’s expectation of 6%. It is encouraging to see inflation trending in the right direction, but we still have a way to go until we reach the Reserve Bank’s desired target of 2%.

preview image - Lifetime Book Club: The Rules of Wealth by Richard Templar

Lifetime Book Club: The Rules of Wealth by Richard Templar

Hello and welcome to another edition of the Lifetime Book Club! This month, we’re exploring The Rules of Wealth by Richard Templar, a guide that lays down the principles for achieving financial success in an accessible and engaging way.

28 June 2024 by Lifetime in Lifetime Book Club
preview image - Lifetime Announces New CEO - Andrew Logan

Lifetime Announces New CEO - Andrew Logan

We are thrilled to announce that Andrew Logan has joined Lifetime's Senior Leadership Team as our new Chief Executive Officer (CEO). Reporting directly to Peter Cave, who remains our Managing Director, Andrew brings over 20 years of rich experience in financial services, encompassing national advisory roles, management, and business development across banking and insurance sectors.

13 June 2024 by Lifetime