Summer 2024 Edition

Welcome to our summer issue of InPrivate, and our first for 2024. I hope you’ve had a restful start to the year. 

We’re delighted to welcome George Crosby as our newly appointed Chief Investment Officer for ANZ Investments. For more, see ANZ appoints new CIO.

In each edition we give our market outlook for the quarter, but a new year is an opportunity to take a longer view and cast our eyes over the next 12 months. Signs point to a sluggish year ahead, with global growth likely to slow – but the outlook for bonds is promising. Where else might we see the pace pick up? We take a look at some of the key themes to expect in the coming months, alongside your quarterly investment update. 

The trustee tax rate is set to increase in April, and many will be wondering how to prepare for and mitigate the effects of the change. I recommend having a read of the considerations outlined by The Advisory Group’s Graham Lawrence – he has some practical short and long-term strategies that you may find helpful. 

I’d like to take this opportunity to thank you for your continued support of ANZ Private. If you have any questions, please do reach out to your Private Banker. 

Wishing you a safe and healthy summer, and all the best for the year ahead. 

Glenn Stevenson
General Manager, ANZ Private

Articles from this edition

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.