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InPrivate

Spring 2024 Edition

Welcome to our latest edition of InPrivate.

Spring is a time of renewal – so it’s apt that we’ve recently announced a new addition to our international equities manager line-up, BlackRock Investment Management (Australia). BlackRock replaces MFS Institutional Advisers and is separate to our recently announced partnership with BlackRock, which you may have read about in the media.

With US$10 trillion under management, BlackRock is the world’s largest asset manager. It takes a factor-based approach which seeks to identify patterns which have historically driven higher returns – a strategy which helps us to diversify our offering and ultimately deliver better outcomes for investors over the long term.

In this edition, you can read more about BlackRock’s strategy, and how it fits into our stable of international equities managers to provide a more resilient and well-rounded investment offering.

Higher interest rates and inflation have cooled the residential property market in recent years – but positive net migration, tax changes, and falling interest rates could potentially start to warm things up. The Reserve Bank of New Zealand’s easing cycle is expected to lower mortgage rates further, potentially stabilising the market in 2025. We highlight what you could expect, along with our investment update for the quarter and a glimpse at the month ahead.

Finally, we’re delighted to be recognised at the PWM & The Banker Global Private Banking Awards 2024, winning Best Private Bank in New Zealand for the seventh consecutive year.

We hope you find the insights in this issue valuable, and thank you for your continued support.

Glenn Stevenson
General Manager, ANZ Private

Articles from this edition

Investment Update – September Quarter 2024

Global share markets were mostly higher over the quarter, benefiting from interest rate cuts by several of the world’s largest central banks. 

Investment Update – September Quarter 2024

Welcoming BlackRock

ANZ Investments is proud to welcome BlackRock Investment Management to our stable of international equities managers. Learn about BlackRock’s factor-based strategy, and how our partnership with the world’s largest asset manager aligns with our commitment to delivering better outcomes for investors.

Welcoming BlackRock

What do lower interest rates mean for your investments?

After a sustained period of elevated interest rates, most central banks around the world began to cut rates during the quarter. Here’s a look at why central banks have begun cutting interest rates and what it means for your investments.

Lower interest rates and your investment

Residential property market: what lies ahead

From changes to the bright-line test and interest deductibility, to falling interest rates, inflation, and population growth: we explore the factors that could impact Aotearoa’s residential property market in the coming months.

Residential property market: what lies ahead

The Month Ahead

Global inflation data mostly improved during October, raising the likelihood of further interest rate cuts by the world’s central banks. In November, an interest rate cut is expected in New Zealand, while there is also the prospect of an interest rate cut by the Federal Reserve. For a look at this and more, here’s ANZ Investments’ Month Ahead. 

The Month Ahead

Important information

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 500 588, or for more information about ANZ’s financial advice service see our financial advice provider disclosure statement (PDF 39KB).

This material is prepared based on information and sources ANZ Bank New Zealand Limited (‘the Bank’) believes to be reliable. Its content is subject to change and is not a substitute for commercial judgement or professional advice. To the extent permitted by law the Bank disclaims liability or responsibility to any person for any direct or indirect loss or damage that may result from any act or omission by any person in relation to this material. Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed, and may be negative as well as positive.