Investment Insights – July 2024

Equities had a positive second quarter, with emerging markets outperforming developed markets and growth stocks outperforming value stocks. The New Zealand Dollar strengthened against major currencies, posing challenges for unhedged assets. The Japanese Yen lost around 8% to the New Zealand Dollar, benefiting travellers to Japan.

Mercer’s Chief Investment Officer, Padraig Brown, shares insights from Mercer’s global network of investment experts, covering:

• How the investment markets performed in quarter two.
• The impact the New Zealand budget announcement and subsequent actions may have on the economy.
• Key trends investors should keep in mind when thinking about the rest of the year.

New Zealand Defence Force Savings Schemes offer you the choice of seven different investment options. If you’re not sure if your investment option is right for you, take our Fund Selector and/or call NZDF’s appointed financial advisers, Become Wealth, on 0508 BECOME (0508 232 663) or email them at hello@become.nz.

Mercer’s team of experts based in 44 countries around the globe, including New Zealand, monitor global and local events and bring you the latest updates. We also produce an investment report each month covering the NZDF Savings Schemes, which includes returns for each of the seven funds in each scheme.