NZRT and KiwiSaver Newsletter 14 April 2020
A good sign for the economy as NZ flattens curve
I hope all your families, friends & colleagues are well and managing to keep entertained during this Covid-19 lock down period. The infection rate in NZ seems to be “curving off” at the moment which is a good sign for the wider New Zealand community and economy.
There has been a significant amount of media coverage in NZ with quite a bit of “doom and gloom”, but the Government’s decision to lockdown early is paying off with a slower infection rate in New Zealand so far.
Other countries such as UK, US, Italy, France, Spain and other parts of Europe reacted slowly to the Covid- 19 virus outbreak which has meant spiralling infection rates and unfortunately significant casualties.
KiwiSaver and NZRT Super balances improve as financial markets show stronger returns over the last 3 weeks
In the past few weeks since our last our Certus Market Update, the New Zealand Government increased the Covid-19 alert level to “Four” to protect the wider health of all New Zealanders. This has had a significant impact on non-essential businesses and their employees. However, the financial markets have been stronger over the last 3 weeks with the NZX50 and Dow Jones recovering from the market low of Monday 23 March. You should have seen the recent improvement in your AMP KiwiSaver and NZRT balances.
Don’t change investment fund options and keep contributing as you have been buying at cheaper unit prices over the last 4-6 weeks
Certus and AMP reinforce our previous recommendation to keep your existing investment strategy, don’t change investment fund options and keep contributing if possible as you have been buying cheaper unit prices over the last 4-6 weeks.
The financial markets will recover in 2020 and 2021 which means your long term Superannuation balances will increase in value once the Covid-19 situation improves.
AMP Wealth Management NZ also provided an informative recent update covering investment fund options, switches and financial hardship. Please click the link below:
https://www.amp.co.nz/personal/news/insights/2020/March/stay-on-target-with-your-KiwiSaver-and-NZRT
Mortgage holiday and business finance support schemes to cushion COVID impacts …read more
The NZ Government has introduced a mortgage holiday scheme in place for New Zealanders that need financial support due this serious Covid-19 situation
If you need to discuss suspending your mortgage payments please contact your Bank or Mortgage Broker. Please click her for further information:
https://www.beehive.govt.nz/release/mortgage-holiday-and-business-finance-support-schemes-cushion-covid-impacts
Certus Business Operations Remain Open
The Certus Team is working from home and handling all enquiries as quickly as possible
For Investment Advice Questions please contact:
Brendon White:
Email: brendon@certusnz.co.nz
Phone: 09 365 5904
Mobile: 027 271 7464
Mike Dalley
Email: miked@certusnz.co.nz
Phone: 09 3689 1840
Mobile: 027 262 3035
Chloe Robertson
Email: chloe@certusnz.co.nz
Mobile: 027 523 1914
For KiwiSaver and NZRT queries
Pamela Solatan
Email: pamela@certusnz.co.nz
Phone: 09 365 2859
Kind Regards
Brendon White
The Certus Team
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