Market & Portfolio Update – September 2019
Market & Portfolio Update – September 2019
September was a positive month for most share markets across the world, bouncing back from some softness in August. Markets were supported by the Federal Reserve in the US reducing their cash rate for the second time this year. The Fed is looking to provide some support for their economy with growth slowing recently.
The NZ dollar continued to decline following the 0.50% OCR reduction last month, which will please the Reserve Bank of New Zealand. The lower NZ dollar supports NZ exporters and the returns of unhedged overseas investments.
Despite bond yields offsetting part of their recent decline in September, a 0.3% net fall in US 10-year yields over the quarter and a 0.5% fall in NZ has meant that fixed interest securities have performed well.
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.
A Great Way to Get onto the Property Ladder and Get Ahead
If I were 22 years old again and wanting to get ahead, one effective option would be to buy a personal house and then have flatmates.
RBNZ Cuts OCR to 2.5%: What It Means for Borrowers
On 8 October 2025, the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 50 basis points to 2.5%, its largest move in more than three years.