We bring you the RIPPL Roundup each month to provide an early market snapshot for New Zealand and Australian financial advisers.
Our Key Observations:
- 10 year government bond yields have fallen across the board. With a 0.1% – 0.5% drop for the month. The UK suffering the largest drop.
- Central bank cash rates remained steady across all markets.
- Inflation remained steady for the US, Australia, New Zealand and China. Europe saw headline inflation increase and core inflation steady. The UK fell substantially, as has Japan.
- The average one year term deposit rate has flattened in Australia and New Zealand.
- Market indices highlight and commodities remain negative. Equities and bonds have all been positive for the month as has the NZD/USD and AUD/USD currencies. The NASDAQ continues to be a standout over one year, as does the MSCI ACWI Index. Month on month there has been some volatility.
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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 on investors and the broader industry.
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