Utilising data from reports prepared by the World Economic Forum, Michael Coote from our Corporate Trustee Services Team, shares his thoughts on the prospective impacts to asset classes and on the choices we have in relation to the environment as the global economy recovers from COVID-19.

Although our doors will be open our preference is to conduct all our meetings via phone and video technology at this time. Where there is a compelling need to meet face-to-face, please call ahead to arrange a meeting and our staff with take you through our guidelines and pre-checks before meeting with you.

In a world which has been turned upside down, technology is very much coming into its own. COVID-19 has provided an impetus to explore new options in order to safely complete many tasks which previously required a face-to face meeting. This is the case for creating Enduring Powers of Attorneys.

The first two parts in this series of articles looked at how retirement villages are organised, the legal framework of the Retirement Villages Act 2003 and how residents and intending residents are protected. Now we recommend what questions to ask and actions to take as your final steps in making the best decision about buying into a retirement village.

In late March stock markets around the world had been falling for more than a month. There was extreme volatility with daily prices going up and down by over 10% and record-breaking market conditions including the fastest bear market (drop of 20% from peak) in history. The fall showed no signs of letting up…until it did. There are several explanations for this market recovery and an important lesson for investors trying to time the market.

We are delighted to welcome Richard Klipin as independent director to the Trustees Executors board.

Despite COVID-19 restrictions, we're still here to help but operating a little differently! 

Trustees Executors is proud to be trustee of the St Joans Trust, which recently granted $15,000 to the Wellington City Mission towards their Mission for Seniors programme.

Mission for Seniors provides much needed support to enhance the quality of life, dignity and respect for older people with health, disability to or social isolation issues.

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The global spread of COVID-19 has resulted in an unprecedented reaction from investment markets, governments and businesses. While uncertainty remains as to the full extent this global pandemic will have, the significant impact it has already had over such a short time would suggest that we’re heading for a financial event featuring a worldwide recession and significant unemployment. Historically recessions last 12-24 months and it’s important to note that periods of market growth are far longer than those of a recession.

While no one could have foreseen at the end of 2019 that in a few short months the entire global economy would slow to a virtual halt, we did know that equity markets can fall dramatically. This short-term uncertainty is why equities are able to deliver significant gains over the long term: higher risk, higher reward. Making sure your risk is diversified is key to ensuring that your portfolio will recover from short to medium downturns. It’s also the bedrock on which we build our portfolios and decide how to invest your money.