Market review

ANZ Investments brings you this summary of how investment markets - and the funds you're invested in - performed over the past three months.

Market review

  • International shares had a strong quarter, continuing their upward trend since the US election.
  • European, UK and Australian shares were at or close to record, while US performance was dented late in the quarter by Trump’s failure to repeal ‘Obamacare’.
  • Bond markets proved mixed, with lower yields in the US and emerging markets, and higher in developed European markets.
  • The US Federal Reserve surprised with the timing of its latest March rate hike – and indicated further hikes to come.
  • Short-term official interest rates in New Zealand look set to remain steady at 1.75% for the rest of this year.

Read more about how global and local markets performed over the last quarter. 

Fund reports

Read our fund reports to find out how the fund/s you’re invested in performed over the last quarter. 

Responsible investing update - no controversial weapons or tobacco in the KiwiSaver schemes managed by ANZ Investments

We recognise that many of our customers are concerned to ensure their money isn't being invested in companies involved in the manufacture of controversial weapons and tobacco.

The below information sets out our updated position on responsible investing:

  • Our funds do not have any direct or indirect holdings in companies involved in the manufacture of cluster bombs or anti-personnel mines.
  • Our funds do not have any direct or indirect holdings in companies involved in the manufacture of nuclear armaments.
  • Our funds do not have any direct or indirect investments in tobacco companies.

All of the funds in our KiwiSaver schemes have excluded direct investments in controversial weapons and tobacco companies since September 2016. However, the ANZ Default KiwiSaver Scheme Conservative Fund had a potential small exposure to these types of companies, via its investment in an internationally managed index tracking fund.

In April 2017 we launched a new international equities fund that excludes investments in controversial weapons and tobacco. This means that all of the funds in our KiwiSaver schemes now exclude direct and indirect investments in these types of companies for both equities and fixed interest investments.

Market volatility

Investment market volatility is part of investing and does not have to be a cause for panic. Find out more about market volatility.

Communications via email

If you'd like to receive our quarterly market review and most of your other KiwiSaver account communications electronically, make sure you provide us your current email address.

To provide or update your email address, email your full name, date of birth and IRD number to service@anzinvestments.co.nz, or call us on
0800 736 034.

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