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.
Mar 2, 2023
The equity markets started the year very strong, and perhaps overly optimistic as they responded to the speed at which central banks may reverse tightening measures.
Recent weeks have been challenging for global and local share markets but this was on the back of exceptionally strong January returns. We did not believe these were sustainable given the probability that Central Banks would need to keep restrictive monetary policies in place for longer than the market was pricing. The higher-than-expected US inflation report coupled with strong labour and retail sales data acted to remind market participants of the potential risks. This saw US shares fall, interest rates rise and the US dollar strengthen. European markets bucked the trend given the mild winter seem to have mitigated some energy risks.
NZ markets track global markets and face the same issues. The NZ equity market experienced a smaller fall than others but this merely reflects its more defensive construction.
In terms of the economy the RBNZ like other central banks needs to reduce inflation expectations and with full employment needs to continue to raise the cost of funding via its Official Cash Rate (OCR). As expected this was raised 50 basis points from 4.25% to 4.75% and further increases will follow with the market now pricing in rates reaching ~5.50% later this year and rates expected to stay above 5% for some time.
While the impact on mortgage servicing costs is not immediate as fixed rate mortgages are refixed disposable incomes will be impacted by higher mortgage servicing costs. This and higher borrowing costs for businesses should then slow the economy and in particular retail and building sectors. The recent devastation from Cyclone Gabrielle could delay this as rebuilding adds economic demand however given the time taken to rebuild post the Canterbury earthquake or indeed similar devastating floods in Queensland a year ago this activity may be more protracted.
Still we remain positive on investment markets and highlight that investment returns tend to be better once inflation concerns \have been addressed.
Inflation |
Real S&P500 Return |
Real Inv Grade Bonds |
Balance Fund |
||||||
|
Fed Funds up |
Stable |
Down |
Fed Funds up |
Stable |
Down |
Fed Funds up |
Stable |
Down |
0.02-0.03 |
12.8% |
23.2% |
13.7% |
1.9% |
6.8% |
11.5% |
8% |
17% |
13% |
0.03-0.04 |
8.1% |
7.6% |
8.9% |
1.5% |
2.7% |
13.9% |
5% |
6% |
11% |
0.04-0.06 |
9.4% |
28.5% |
-0.2% |
1.2% |
-2.7% |
6.5% |
6% |
16% |
2% |
0.06-0.08 |
-7.0% |
20.2% |
-18.6% |
0.9% |
-7.6% |
1.4% |
-4% |
9% |
-11% |
We’re here if you need a chat
Our goal at Trustees Executors is to protect our clients’ financial security and to help you realise your financial goals. If you would like to talk about anything to do with your investments, please contact us to talk with one of our experienced financial advisers.
As always, it is important to periodically review your current investment strategy to ensure it is right for you and serves your objectives.
Freephone: 0800 878 783
[email protected]
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.