Tariffs, rapidly changing geopolitics, and weak consumer sentiment made it harder to forecast the pace of company earnings growth and the right level of interest rates in March. Uncertain markets demonstrate the importance of having a well-diversified portfolio, which is central to how we manage your money at ASB - this has at least cushioned the blow from the tough start to the year.
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.
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