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.
What do travel and retirement planning have in common? At first glance not much, however, whilst visiting the UK recently I was reminded of this saying at the London Tube stations – “mind the gap”. Most visitors to London have heard the words “mind the gap” when travelling on the tube.
With a very saddened heart we are sharing this story on behalf of Raewyn Thomas, our Mortgage Adviser from the Wellington office. Raewyn has been delivered the most devastating news possible, that she has lung cancer and its terminal with a very shortened life expectancy.
This is Rae’s story that we are sharing with her permission.