Investment Insights July 2023

New Zealand officially entered a recession of the slimmest of margins in June 2023, due to two consecutive quarters of negative economic growth. Factors causing a decline include weakness in professional business services, following a series of devastating weather events earlier in the year.

Mercer’s Investment Portfolio Manager James Wilson shares insights from Mercer’s global network of investment experts covering:

• The outlook for local markets as New Zealand entered a recession in June 2023.
• The official cash rate increase and what it means for Kiwi investors.
• Key trends we are likely to see in quarter three.

Mercer offers you a choice of investment options, please read the product disclosure statement to understand each of the options available to you. If you are not sure if your investment option is right for you, please answer a few questions in our Fund Selector Tool and/or schedule a call with one of our financial advisers via the online call back request form.

Mercer’s team of experts based in 40 countries around the globe, including New Zealand, monitor global and local events and bring you the latest updates. We also produce an investment report each month covering the Mercer KiwiSaver scheme, Mercer Super Trust and Mercer FlexiSaver, which includes returns for each of the seven investment options in each of the schemes. You can find the latest information here.