We bring you the RIPPL Roundup each month to provide an early market snapshot for New Zealand and Australian financial advisers.
Our Key Observations:
- Fall in 10 year government bond yields as investors sought safe haven assets. Central bank cash rates are all higher than the 10 year government bonds.
- Continued rise in term deposits, up to 5.6% in NZ and 3.2% in Australia on average.
- Increase in most central bank cash rates in March, with a softening of hawkishness (not NZ), and a pause from hikes in Australia post quarter-end.
- Both Australian and NZ equity markets were down slightly whilst overseas share markets were comfortably positive.
- One year returns for all asset classes were negative EXCEPT cash.
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.
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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.
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