How we approach Responsible Investing 27 November 2024 / Published in Your Money
At ASB, we proudly serve more than 1.5 million customers across New Zealand. Each of you has unique values and opinions about how you would like your money invested.
Blog
October Wrap Up - Elections and Earnings
31 October 2024 / Published in Your MoneyLike a New Zealand west coast beach there were complex and sometimes confused under currents driving markets over October. Safe haven assets like gold rallied to all-time highs, longer term interest rates rose sharply, shares drifted backwards, and the kiwi dollar fell. It was the twin impacts of a possible leadership change in the US (which has since come to fruition) and corporate earnings releases that were the most consequential influences over the month. History suggests changes of governments have a smaller medium-term effect on markets than we might think. But with a potentially less trade friendly, isolationist stance from the US, allied with fiscal expansion on top of what is an already very stretched budget this time could be different. At least market price action in October seems to suggest that.
Persistent scammers use rapport to bait Kiwi businesses
23 September 2024 / Published in News & StoriesNed Owen is a familiar name to ASB’s credit card fraud team. He runs a scam that has targeted businesses of all sizes across New Zealand.
September Wrap Up - Liquidity and a bold stimulus package
30 September 2024 / Published in Your MoneyTwo major announcements boosted global liquidity in September pushing share markets higher. The US Federal Reserve began a much-anticipated easing cycle, and we saw China's most aggressive financial stimulus package since the pandemic.
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