Market & Portfolio Update - September 2021
Global share markets experienced some volatility during the month, falling modestly for the first time since January. This was in part due to expectations of rising global interest rates over the coming months. It is worth keeping the month’s performance in context, with global share markets returning almost 15% so far this year.
Global bonds are down modestly for the month (as bond yields rose) after the US Federal Reserve indicated they are getting closer to withdrawing stimulus. In this respect, the Reserve Bank of New Zealand is ahead of the rest of the world, having ended its quantitative easing program months ago and has since raised the Official Cash Rate in October.
The NZ share market ended the month up 0.6% - better than most other developed markets. Performance of the listed travel-related companies was particularly strong, with Kathmandu up 17%, Auckland International Airport up 8.5% and Air New Zealand up 8%.
One Click Fix?
Refixing your mortgage in your bank’s app feels harmless. It’s quick, simple, and ticks an important job off your list. But that one tap can also close the door on better options. Without advice, you risk locking into a deal that doesn’t fit your situation, potentially paying more than you need to.
When it comes to one of your biggest financial commitments, convenience should never replace good advice.
Smart money moves: 6 Practical tips to help you become a money trailblazer
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