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.
Apr 8, 2021
Asset Class Returns Over 3 Months and 12 Months
Since the onset of COVID-19, the New Zealand market looks significantly different. The reaction of markets to news of the pandemic, and in turn reactions from central banks and governments in terms of support has been unprecedented. Their swift action supported businesses and individuals through lockdowns and uncertainly. The RBNZ committed $100 billion of quantitative easing through its Large Scale Asset Purchase Programme (LSAP) and setting the Overnight Cash Rate (OCR) at 0.25% for 12 months. The RBNZ has also supported banks through its Funding for Lending Programme.
Taking the 1-year returns at face value, it appears that it was a great year of performance. Though with what we know, this is more a story of how volatile markets were and how sensitive to interest rates they are. During the COVID-19 correction, locally we saw a decline of -26% in the NZX50 (the S&P500 index declined 30%), however by the end of the year investors recovered this loss of capital and then some. The NZX50 is currently 4% higher than its pre-COVID-19 peak.
Overall, the New Zealand market returned +28.2% for the period, with information technology +138.3% (primarily Pushpay) the largest benefactor, materials (Fletcher Building) +104.1% and consumer discretionary (SkyCity and Kathmandu) +89.4%, not far behind. Consumer staples (-40.5%) and energy (-5.2%) were laggards. A2 Milk lost almost half of its market capitalisation and fell four places in the index.
Globally, the story was similar with consumer discretionary +81.7%, materials +77.6% and information technology +62.9% again the primary benefactors.
Going forward, we expect that financial markets will continue to be a volatile environment as the economy slowly reopens and vaccines are rolled out. While expectations are strongly positive, the challenge for businesses through the year will be capturing an increase in activity, after successfully cutting costs to stay afloat during the worst of the period. Markets will also be keeping a close watch on the RBNZ and interest rates, as inflation and employment data plays out.
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.
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