July 2023 - Quarterly Investment Update

Good afternoon,

We hope you are keeping warm as the winter season embraces us.

We are pleased to enclose our winter update covering the reporting period from April to June 2023.

Despite a sell-off early in April, most global equity markets finished the quarter higher as concerns around a potential US debt default eased and on evidence the global economy was holding up in the face of higher interest rates.

Within the update, the lead market commentary article provides an overview of the quarter and highlights several drivers of the recent returns, including the rise of artificial intelligence and the potential impact of recessions.

A more detailed summary of the various market returns through the quarter and over longer time horizons is covered by the key market movements section.

The feature article by Consilium titled ‘Don’t fall for the rise in disinformation and scams’ takes a look at the rising threat of financial disinformation and scams, highlighting the importance of remaining vigilant and having a trusted financial adviser on your side.

Looking ahead, we are starting to see inflation pressures ease, both in New Zealand and overseas. As this trend strengthens, we will eventually begin to see more stimulatory central bank policy settings aimed at supporting and boosting growth in 2024 and beyond.

We look forward to keeping you informed on the performance of markets and investments throughout the coming months.

We are only a phone call or an email away should you wish to discuss anything. Please get in contact with your adviser or contact us on 0800 NO STRESS (0800 667 873) or email at info@foxplan.nz if you have any questions or would like your adviser to talk through your current investment plan.

Kind Regards,
The FoxPlan Team