How will a change of Government affect your investment?
At the time of writing Labour leader Jacinda Ardern has recently been sworn in as New Zealand’s 40th Prime Minister, on the 26th of October, bringing a change of Government, and one that is made up of three different political parties.
The financial market reacted to the change of Government with the stock market and the New Zealand dollar both experiencing a slight drop in value, although experts seem to agree that this is likely to be a short-term outcome, and one that is typically seen with a change of Government.
This may have you wondering how any of this will impact your investment with Britannia? We are happy to report that despite any uncertainty the election and subsequent change of Government may have created in the markets, the Britannia funds have continued to perform well.
For example, in the month of October, the Balanced Fund – the largest Britannia fund in which approximately two-thirds of all member funds are invested – saw an overall increase in value of $15.3 million, which equates to a return of 4.2%. All Britannia funds are invested by professional fund managers whose investment strategy is designed to provide you with solid returns in the long-term.
You can also take confidence in the fact that our staff and management have been in this business for over 20 years and we are one of New Zealand’s largest investors of pension transfer funds. 20 years might not sound like a long time but Britannia was one of the pioneers of the pension transfer industry in NZ and we currently have over $570 million under management for more than 5400 people.
If you have any questions about your investment with Britannia please get in touch with your adviser or contact us directly on 0800 28 28 33 or email us at email@example.com.
Don’t forget that you can check the balance of your investment by logging into your account here - 'Member Login.'
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