Fund watch

2024 Market Outlook

After a challenging 2022, the investment landscape improved in 2023, thanks in part to a slowing of inflation in developed nations, which saw most global central banks end, or signal that their interest rate hiking cycles were over.

The prospect that interest rates may have peaked was good news for equity markets, while the change in direction from most central banks was a welcome relief for bond prices, which tend to rise as interest rates fall.

As we look ahead to 2024, we see several challenges, but as always – plenty of opportunities. After a strong period since the COVID recession, the US economy – the bellwether for global growth – is showing signs of slowing that could impact on equity markets, while closer to home, it appears the New Zealand economy has already begun to cool off. However, we believe that under these scenarios, bond yields will continue to fall, and inflation will slow, providing some much-needed relief for households that have been struggling with higher prices.

Elsewhere, the ongoing work in the responsible investing space, and the various commitments countries are making, can only be positive for the future. For a look at our full 2024 Market Outlook, see below.

Read the full report

ANZ Investments 2024 Market Outlook (PDF 745KB)

This article has been prepared by ANZ New Zealand Investments Limited (‘ANZ Investments’) for information purposes only and it should not be treated as financial advice.

Superannuation Investments Limited is the issuer and manager of the SIL Mutual Scheme. ANZ Investments is not an authorised deposit taking institution (ADI) under Australian law and investments in the scheme aren't deposits in or liabilities of ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited, or their subsidiaries (together 'ANZ Group'). ANZ Group doesn’t stand behind or guarantee ANZ Investments. Investments in the scheme are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group won’t be liable to you for the capital value or performance of your investment.

Past performance does not indicate future performance, and performance can be negative as well as positive. This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product.

Investment and administration manager: ANZ New Zealand Investments Limited