Select Wealth Management

In the current uncertain environment, the NZ and Australian financial markets are well placed relative to the rest of the world.

US markets led the way on favourable corporate earnings updates, particularly better than expected profit updates from the technology giants Microsoft, Apple, Alphabet, and Meta.

The New Zealand and Australian economies appear well placed relative to the rest of the world in the current uncertain global economic environment.

Global financial markets were calmer in May, following extreme volatility in April.

At times of market volatility, we recommend investors continue to focus on their long-term goals, leaving fund managers to invest in line with their fund’s objectives.

At times of market volatility, we recommend investors continue to focus on their long-term goals while acknowledging that in the short-term returns may be volatile.