Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Find out how Trustees Executors can help you, whether you are looking for funding from one of the charitable trusts we administer, or are looking to establish a legacy of your own.
We all want a secure financial future for ourselves and those we care about and where you turn for advice is one of the most important decisions you’ll make. Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Knowing you have taken the right steps to ensure your loved ones are cared for after you're gone is what estate planning is all about.
Talk with one of our Private Wealth experts who will work alongside you to help you make the most of our services.
There are many ways to grow and protect your wealth, and our skill is to help you understand your choices and create and implement a personal wealth strategy to suit your needs. It all starts with a plan.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
Expertise you need, service you deserve. As your trusted and independent licensed supervisor, we deliver our regulatory leadership through collaborative partnerships that protect the interests of your investors.
For more than 25-years we have been leading providers of custody, investment accounting and unit pricing services to the managed fund industry.
For more than 25-years we have been leading providers of custody, investment accounting and unit pricing services to the managed fund industry.
Feb 12, 2024
2023 finished with a flourish, but what’s in store for 2024?
2023 turned out to be a surprisingly positive year for investors. Challenges emerged throughout the year, including the collapse of several US regional banks, heightened geopolitical tensions, and continued high interest rates and inflation. However, as we move into 2024 there are encouraging signs.
Inflation is expected to be within targeted levels in most developed countries by the end of 2024. This positive outlook set the market alight with a strong rally to finish the year in all asset classes, with Global Equities the standout.
It is only natural to expect some consolidation in the markets after strong performances in the closing months. We expect market volatility will remain throughout the year, with some major risks to watch out for. These include the oil spike from the Middle East war expanding, disruption and tension around the US election in November 24, the ensuing results, and weather events such as droughts impacting food prices and growth globally.
The NZ OCR (Official Cash Rate) is still expected to be ~4.5% by the end of year versus the current level of 5.5%, although this could change if domestic inflation continues to run above the RBNZ’s target level.
In the US it is expected at 4.0% vs. 5.5% currently. The lowering of central bank rates globally can help support growth and lead to upgrades in growth expectations, which should in turn improve companies’ earnings expectations.
TE assesses that long-term bond rates will not experience a significant decline through 2024. While some easing may be due to inflation expectations stabilising, we do not anticipate a return to the ultra-low rates witnessed in recent years. Such a scenario would necessitate implementing exceptionally easy monetary policy which is unlikely given the ongoing inflation issues. Instead, we expect bond rates to remain at their current levels, comparable to pre-Global Financial Crisis levels, both in nominal and real terms.
With this backdrop, our investment team continue to prefer investment in non-cyclical growth sectors – which are companies that are generally unaffected by economic cycles who tend to provide consistent growth regardless of whether the broader economy is in an expansion or recession phase. However, we are beginning to access cyclically exposed sectors for potential turnaround.
Overall, it is important to remain diversified across various asset classes and sectors to provide your portfolio with protection against potential headwinds and economic uncertainties.
At Trustees Private Wealth we are driven to protect our client’s financial security and support them to realise their financial aspirations. If you would like to discuss your investment portfolio and current strategy, or you are looking to invest, contact our experienced Financial Advisers, we’re here to help you.
Call us on +64 0800 878 783 or view our team below.
Chris Dilks - North Island
David Rendell - Auckland and Northland
Ann Morrell - Canterbury and Otago
Trustees Executors Limited was established in 1881 and is New Zealand’s first Trustee Company.
We provide a full range of financial and trust solutions to individuals, families and the corporate sector, including estate planning, trustee and investment advisory services.
We are a Licensed Financial Markets Supervisor and a leading provider of specialist Corporate Trustee and back-office fund administration services to some of New Zealand’s largest financial institutions, banks and fund managers.
Copyright © 2024 Trustees Executors Limited – All Rights Reserved. No information or material can be copied or distributed without our express permission.