Economic Commentary June 2022

Economic Commentary Main Points:

  • Equity markets fell into bear territory over the June quarter.
  • Historically, investors have enjoyed outsized returns following a bear market.
  • The economic picture is very complicated, with upside and downside risks.
  • While markets are pricing in a recession it is not inevitable.
  • Global, NZ and Australian equity markets fell over the quarter, with value and emerging market stocks falling less.
  • Fixed income has been a challenging area.
  • Alternative asset classes have added substantial value to portfolio returns.

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