We bring you the RIPPL Roundup each month to provide an early market snapshot for New Zealand and Australian financial advisers.
Our Key Observations:
- Across the board increases in 10 year government bond yields. This was by 0.1% for each country, other than Japan which increased by 0.2% to 0.6%.
- Central bank cash rate hikes for USA and Canada.
- Headline inflation has lowered significantly, by up to 1% for the USA and Australia, and 0.8% for the UK. While core inflation did fall, this was more subdued than headline inflation.
- The average one year term deposit rate is flattening in Australia. In New Zealand, the term deposit rate is softening pace but continues to increase at a greater rate than in Australia.
- Equity markets continue to grow, albeit softer than June 2023 comparing equity market returns to bond markets.
Feel free to utilise this update with your clients, all we ask is that you reference Research IP in your communication. We can also supply individual charts as required.
Looking for something in particular or have some feedback? Please reach out to one of the RIPPL team
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.
Reach out to us today about your research and consulting needs, and how to make the data work for you, and your clients.
Would you like to see research on a Managed Fund? Then enquire here.
Photo credits: Research IP