June 2018
Russell have published their latest edition of Market Overview, a quarterly commentary on market events from Q2 2018.
Key highlights from the quarter were:
- NZ equities jumped 7.7%, due, in part, to the reallocation by global investors to New Zealand after its weight in global equity indices increased.
- Global equities (hedged), rose 3.1% with strong economic and earnings data boosting investor sentiment during what was a volatile quarter.
- Global bonds rose 0.2% with yields on longer-term US government bonds rising in line with an improving growth outlook and the decision by the US Federal Reserve to accelerate its rate hike agenda.