We bring you the RIPPL Roundup each month to provide an early market snapshot for New Zealand and Australian financial advisers.
Our Key Observations:
- Term deposits have almost doubled since the start of 2022 in NZ, whereas Australia’s average term deposit has quintupled, albeit from a very low base.
- If inflation remains elevated at current levels, the real return on term deposits will be negative.
- The 10-year NZ government bond is yielding roughly the same as the average 1 year term deposit.
- Aside from cash (bank bills), only the NZX50, ASX200, Emerging Markets and HFRX Global Hedge Fund index posted positive returns for the month.
- Commodities and cash were the only positive returning assets over the last 12 months.
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Research IP delivers high quality investment fund research and consultancy services to financial advisers, charities & NFPs and the broader financial services industry. Our experience spans well over 20 years working directly across the multiple facets of finance, so we understand the key drivers and challenges for managers, as well as the impact for investors and the broader industry.
We strive to give you the best information, so you can help your clients make better decisions, and feel more confident about doing business with you. We believe that not only can everybody win, everybody should.
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