Whakarāpopototaka mākete / Market Commentary
Market Summary
While April and May were challenging months globally for investors, markets remained positive throughout June, with global equities up 3.8%. Investors were pleased with the opportunities for higher growth, resulting from President Trump’s tax cuts, a trade truce with China, and the US-UK trade deal being signed.
The US dollar weakened further in June although the NASDAQ and S&P 500 indices reached all-time highs in June, achieving a full recovery (and then some) from the lows of April.
Growth stocks continued their quarter 2 rebound, with the “Magnificent 7’ stocks sliding back into the spotlight.
All three Whai Rawa funds were positive in the month of June and for the quarter to 30 June 2025.
For the quarter, our Tōtara-Conservative Fund returned 1.89%, our Mataī-Balanced Fund returned 3.86%, and the Rātā-Growth Fund returned 4.66%.
These returns are after fees and taxes (at a 28% prescribed investor rate or PIR).
Whakaata Haumi / Investment Video
