Investment Insights April 2025

In this edition, we discuss the impact of the US administration's trade wars on investment markets, particularly the stock market. We also discuss the recent announcement of tariffs on April 3, which resulted in a sharp decline in the S&P 500 and Nasdaq. In this edition of Investment Insights, we break down the ripple effect of the geopolitical landscape unfolding in 2025 and what it means for investors.

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

• How the US administration's influence on current trade wars is affecting investment markets.
• The launch of DeepSeek and the resulting volatility in the AI tech space.
• Potential challenges and emerging opportunities that investors should be aware of.

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.

^{This information has been prepared by Mercer (N.Z.) Limited. The information contained in this article is intended for general guidance only. It does not take into account your particular financial situation or goals. Before making any investment decision, you should refer to the Product Disclosure Statement or consult an appropriately qualified financial adviser.}