The economic backdrop became more complicated as the June quarter progressed. However, global shares continued to rise significantly in the quarter as markets were buoyed by the ongoing global economic recovery, vaccine rollouts and massive fiscal stimulus programmes in place. In New Zealand, economic activity has recovered to pre-pandemic levels much quicker than its peers, supported by a successful health response in concert with highly stimulatory monetary and fiscal policy efforts.
Read more on the global economy, global markets and the New Zealand economy in our Quarterly Briefing for the June 2021 quarter. It includes a look at asset strategy from Michael Gray, our Head of Investments in New Zealand, a fixed income perspective from Carrick Lucas, Senior Portfolio Manager, and comment on New Zealand equities from Shane Solly at Harbour Asset Management.
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