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Have you seen our new look Website?
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CFS Limited is excited to announce the launch of our newly designed Website which is located at the same address www.cfslimited.co.nz.  Please feel free to explore our website using the links above.

Our new Home Page with animated images welcomes visitors with a clean, uncluttered design to ensure easier navigation to content and products.

The content is focused on our mission to provide our customers with most accurate product information and share our knowledge and expertise in the fields of Private Wealth Management, Insurance and Employee Benefits.

Our website will be updated on a regular basis, with new contents, latest news and product updates.

If you experience any problems using the new website or if you have any suggestions, please do not hesitate to contact us at admin@cfslimited.co.nz

For those of you that have investment accounts with us, (ie KiwiSaver and Managed accounts), we have again experienced solid positive returns over the year, notwith-standing the recent global uncertainty.

  • Global growth has generally declined recently and for the time is causing some concern to markets.  However, this was expected after a period of strong growth.
  • In the United States the labour market continues to improve and unemployment continues to trend lower.
  • In the US,  if inflation reaches FED target of 2% and other employment measures show consistent improvement, interest rates are considered likely by most economists to be increased gradually commencing later this year.
  • Rising US interest rates will strengthen the US Dollar and weaken the NZ Dollar causing a substantial drop in value although now considered to be a fair value against the US Dollar. This will help NZ exporters. 
  • The NZ Dollar has also fallen against the Australian Dollar.
    • China has reduced the value of its currency as it is expecting lower growth but still relatively strong compared with western economies.
    • The New Zealand economy is assisted by weaker NZ Dollar, domestic demand, earthquake rebuild in Christchurch, housing shortage in Auckland, positive migration and low interest rates.
    • New Zealand has reduced its growth outlook from 3% down to 2 to 2.5% due to concerns in dairy sector where payouts have declined significantly although there has been an improvement in latest dairy auctions.
    • New Zealand’s low inflation and expected weakening demand (lower dairy income) has resulted in Reserve Bank reducing Official Cash Rate to 3.00% which is likely to result in lower bank deposit rates and reduced value of NZ currency against peers. Further reductions are possible.
  • Oil prices are fluctuating and significantly lower than a year ago although lower NZ dollars reduces impact on petrol prices.
    • The outlook continues to support growth investments although we would expect some volatility smoothed by reducing value of NZ Dollar leading to more moderate returns after two years of strong growth.

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Mark O'Donnell
Authorised Financial Adviser

FSP32461

Website
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