Our quarterly strategic outlook report provides:

  • an outlook of the global economy
  • an outlook (both short term and medium term) for major investment markets
  • a summary of our asset strategy

QSO April 2013

18 April 2013

> Global growth fragile but recovering
> Conditions still in place for equity outperformance
> Reach for yield still supporting domestic equities and property
> Japan joins negative real yield club. Expect some spill over.
> Global QE and zero rates to maintain the remarkable flight of the Kiwi

View QSO April 2013 (PDF - 479 KB)

QSO January 2013

24 January 2013

> A more balanced outlook for global growth
> Fiscal policy remains centre-stage in America
> It’s time for a long term plan, Japan
> Asset strategy: what you see is not always what you get
> Will this be the year for asset and sector rotations?
> Bond yields set to move higher but no blow out expected in 2013

View QSO January 2013 (PDF - 394 KB)

October 2012

15 October 2012

  • Global growth slowdown continues
  • Slow policy support delays China recovery
  • But tail risks reduced in Europe
  • Policy support improves outlook for risk
  • Valuations remain the chief support for equities
  • Tail winds turning to head winds for NZ listed property

View October 2012 (PDF - 523 KB)

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