The tables below show the performance of our KiwiSaver and investment funds to the end of November 2019.

Here's what influenced the markets last month:

Bonds:

• NZ bond yields continue to drift higher but are off intra-month highs
• Positive US economic sentiment has pushed long-term US yields up over the past quarter.

Australasian equities:

• NZX50 Index up 4.9% in November as heavyweights like Fisher & Paykel Healthcare, Fletcher Building and A2 rise strongly.
• NZ government in talks with Tiwai smelter owner Rio Tinto to find ways of cutting the ongoing electricity bill. The energy sector stocks recovered some of the previous month’s loses.
• Retirement village operators Ryman, Metlife & Summerset all posted returns of around 20% for the month. Metlife is in discussions with a potential buyer. 
• Westpac Australia is embroiled in an Anti-Money Laundering case 

International shares:

• US indices reach record highs again with the S&P500 index up over 13% for the year.
• UK focus is on the General Election next week, and it looks like the current PM Boris Johnson could be re-elected and have more power in parliament. This will enable the UK to push through the latest Brexit withdrawal proposal. 
• Interim US-China trade deal looks likely and this is reassuring those previous 

NZD:

• Very little movement in the NZD/USD over the month and the volatility in this currency pairing is the lowest it has been for 2 decades.
• NZD stronger against the major other currencies and up 0.7% on a TWI basis.
• Weaker Australian data pushes the NZD/AUD back towards 95 cents.