The second quarter of the year was highlighted by strong corporate and investor resilience in the face of ongoing trade and geopolitical uncertainties. With the AI investment boom continuing to propel markets, returns from global shares were, on average, very strong.

In this update, we discuss the impact of Middle East tensions on global inflation and why share markets delivered strong returns despite ongoing uncertainty. We also explore the outlook for New Zealand interest rates and migration.

The featured article, titled ‘Lessons from 100 years of capitalism’, is one of the most relevant and insightful articles we have shared with you.  Even for those who do not closely follow financial markets, it offers a compelling and well-written perspective on the long-term drivers of economic growth and wealth creation.

We look forward to updating you on market performance in our Spring Update due out in October.

Read our commentary and featured article here