Investment Insights July 2023

New Zealand officially entered a recession of the slimmest of margins in June 2023, due to two consecutive quarters of negative economic growth. Factors causing a decline include weakness in professional business services, following a series of devastating weather events earlier in the year.

Mercer’s Investment Portfolio Manager James Wilson shares insights from Mercer’s global network of investment experts covering:

• The outlook for local markets as New Zealand entered a recession in June 2023.
• The official cash rate increase and what it means for Kiwi investors.
• Key trends we are likely to see in quarter three.

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 40 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.