News and views
Monthly Wrap Up
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.
Read more in the March Wrap Up.
Quarterly Economic Forecasts
- NZ is starting to work its way out of what proved to be a sharp and deep recession in 2024, after the delayed effects of high interest rates hit hard
- Growth resumed at the end of 2024, aided by strength in exports
- Economic recovery is set to be gradual over 2025
Read more in our latest Quarterly Economic Forecasts report.
ASB Investment Podcast
Geopolitics and economics: A global outlook for investors
Host Nigel Grant sits down with Elliot Hentov (Chief Geopolitical Strategist, State Street Global Advisors) to discuss critical trends shaping the global economy and financial markets. From the key policy drivers impacting the US economy in 2025 and China’s evolving economic strategy, to Europe’s fiscal challenges and the geopolitics of energy, they explore what these dynamics mean for investors. Plus, Elliot shares insights into the future of digital assets and how blockchain technology may influence global investing.
Seizing opportunity amid market volatility: 2024 reflections and 2025 outlook
Host Nigel Grant is joined by David Griffith (Head of Multi Asset Solutions, BlackRock) and John Smith (Head of Asset Management, ASB) to reflect on ASB's strong portfolio performance in 2024 and share their outlook for 2025. They discuss key drivers including global equities, gold, and currency positioning, and emphasise the importance of diversification and strategic asset allocation in navigating ongoing market volatility.
Markets in 2025: Top Risks and Opportunities with Harbour Asset Management
Host Nigel Grant is joined by Chris Wilson (Co-CEO) and Chris Di Leva (Head of Multi Asset & Global Investments) from Harbour Asset Management to discuss their recent report on the key risks and opportunities they see shaping markets in 2025. They discuss macro-economic trends, geopolitical tensions, and the intersection of AI and climate. Plus, the inflation outlook and future of private market investment in New Zealand.
To hear more from the ASB Investment Podcast, listen and subscribe on Apple Podcasts and Spotify.
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What our partnership with BlackRock means for you
We’ve appointed BlackRock to help us provide better investment outcomes to our customers. BlackRock, the world's largest investment management firm, will enhance our investment offering and will see our customers benefit from their global expertise, insights and market responsiveness.
For more on how they are adding value to your investments, click the links below:
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BlackRock Investment Management (Australia) Limited (BlackRock) is a wholly-owned subsidiary of BlackRock, Inc. BlackRock, Inc is based in the US and is a leading global provider of investment management services. BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
Interests in the ASB KiwiSaver Scheme and ASB Investment Funds (Schemes) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides administration and distribution services for the Schemes. No person guarantees interests in the Schemes. Interests in the Schemes 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 or the ASB Investment Funds 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).