Market & Portfolio Update - September 2023
Global share markets gave back some of their gains in September, declining 3.7% in local currency terms, but they remain up 12.1% year-to-date.
Energy companies benefitted from higher oil prices. The industry benchmark, Brent crude oil rose by 10% during the month to US$95 p/b, following the extension of production cuts by Saudi Arabia.
Key central banks around the world met in September, with most leaving their policy rates unchanged, whilst delivering commentary indicating we may see interest rates remain higher for longer, as well as leaving the door open for more hikes if required. Sticky inflation and strong US economic data, which point toward resilient economies and labour markets, are forcing central banks to be cautious.
The “higher for longer” messaging from central banks contributed to a reasonable increase in the yields on longer-dated bonds. Yields on the US 10- and 30-year bonds were up over 0.5% for the month and now sit at levels not seen since 2007.
Rising bond yields weighed on portfolio returns last month (as bond prices and yields are inversely related). However, there is a silver lining - higher yields mean reinvestment rates are now more attractive, supporting the future returns of bond investments.
Market & Portfolio Update: May 2026
Global share markets delivered strong performance in May, with the United States leading the way. The S&P 500 rose approximately 5.3% in local currency (USD) terms, supported by strong corporate earnings results and continued investment in artificial intelligence.
Unlocking Financial Harmony: Navigating the Symphony of Life with Mindfulness
In the hustle and bustle of daily life, the concept of mindfulness often finds its place in discussions about mental health and stress reduction. However, its impact on financial wellbeing is a hidden gem worth exploring.
Research from the New Zealand Retirement Commission’s Money Matters 2025: The Power of Emergency Savings report highlights growing financial pressure among New Zealanders. The findings show that 56% of participants feel financially uncomfortable, while only 44% report feeling financially comfortable. Financial concerns are also increasing on a year-on-year basis, with 42% of people worried about managing finances from pay to pay this year, compared with 40% last year.