In February, markets reacted to President Trump's aggressive policies, causing uncertainty and disruption for investors. This led to lower US Treasury yields, a weaker dollar, and a pullback in stocks. While the long-term impact is unclear, short-term challenges include the administration's policies and a potential economic slowdown. We remain focused on medium- to long-term investment trends.
A vigorous start to the year - a US presidential inauguration, executive orders and cracks in US AI leadership. Despite volatility, global shares started the year on a positive footing, while the NZ share market slipped.
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.
2024 was one for the record books, marked by central bank rate cuts and significant, almost unprecedented, divergence in markets and stock prices. As 2025 begins, success lies in well-positioned portfolios and old-fashioned investment discipline.
Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.disclose-register.companiesoffice.govt.nz (search for ASB KiwiSaver Scheme).