When markets shift, it's tempting to react - but doing so can lock in losses and put your long-term goals at risk. Learn how ASB portfolios are structured to navigate volatility and deliver strong investment outcomes through a disciplined, long-term approach.
Markets fell sharply amid global turmoil but quickly rebounded, with the S&P 500 seeing its fastest ever recovery from a near 20% drop since its peak in late February. This unpredictability highlights the need to focus less on short-term swings and more on long-term fundamentals and strategic, targeted investing.
Easing tariffs, solid US earnings, and a major tax bill reversed recent market declines. Global markets rose 5.28% (MSCI World Net Index), though gains were trimmed by a strong NZ dollar. Fixed income struggled as US spending lifted long-term rates.
On 'Liberation Day', the U.S. announced sweeping tariffs on nearly all major trading partners, triggering a global market selloff, a falling US dollar, and surging US treasury yields. Though implementation was paused by month’s end prompting a market rebound, the move marked a potential shift in the global economic order with serious implications for investors.
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