Watch our Investment Update - November 2024 (video)
Watch our latest investment update for key insights with Ayrton Oliver, one of Generate’s Portfolio Managers, on what the outcome of the US election will have on local and global markets. We also look into the recent RBNZ cuts and what this means for New Zealand.
This month's investment update was hosted by Stephanie Whittaker, Generate adviser.
Some of the key take outs were:
- “Trump trades” have gone further now he has won. Equities all time highs, US interest rates higher and the USD stronger
- Trump policies seen to benefit US companies, but tariffs and fiscal spend expected to be inflationary
- Global outcome less certain, tariffs could cause issues for China, flow on impacts to AU/NZ
- RBNZ expected to continue to cut rates, econ data still weakening, may be some time before recovery is felt
- Active and Agile portfolio management – portfolios growth allocation benefited from the strong gains in US markets, have added more to participate on the momentum
- USD gains benefiting the portfolios NZD value
- Fixed income been relatively neutral, waiting for higher rates to invest