Investments
In May, strong corporate earnings and positive economic data contributed to the rise of both equities and fixed income investments.
Global equity markets continued their positive run from the previous quarter, returning 10.1% in local currency terms (15.2% NZD terms) over the March quarter, and reached a multi-year high.
In April, the rally in equities came to an end. This was due to persistent inflation and a sharp slowdown in US GDP growth, which weighed heavily on market sentiment.
Scheme news
As Implementation Investment Manager, BT Funds Management (NZ) Limited (BTNZ) is responsible for the management of the investments comprising.
Tom Reeves is an associate at Westpac on the Fixed Income Trading Desk.
What inspired you to get into customer service? I have been in client-facing roles for the last decade and always felt like it is a natural fit for me, as I love talking to people.
Financial planning
Compound interest is an important concept in the financial world. In simple words, it means that you earn interest on your principal amount as well as on the interest earned from the principal amount.
What are your retirement goals? The concept of retirement means different things to different people.
Retirement savings are important for the future as it is always good to have a pool of funds in case of an uncalled-for event like a health condition or expenses related to your house or car.