It has been a volatile start to the year for world markets, which in turn has affected investments across the industry. After relatively positive performance for almost two years since the onset of the pandemic, many investors will be experiencing something they haven't seen in quite some time - an extended period of fluctuations in the value of their investment.
They say a rising tide lifts all boats. Well, as you might have noticed, investors saw the opposite effect in September.
At ASB, we understand that everyone is different and talking about money can be tricky - that's why it’s important to find trust-worthy advice that is easy to understand.
On 6 October, the Reserve Bank of New Zealand (RBNZ) released its Monetary Policy Statement, announcing its change to the Official Cash Rate (OCR). What will that mean for you?
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).
