新西兰经济停滞,而全球市场激增,凸显了多样化的益处。 New Zealand’s economy stagnated while global markets surged, highlighting the benefits of diversification.

新西兰经济经历了深重的人均衰退,在过去12个季度中,有9个季度经济萎缩,由于贸易紧张和不确定,投资者对大流行时期的低点抱有信心。 New Zealand’s economy has been in a deep per capita recession, contracting for nine of the past 12 quarters, with investor confidence at a pandemic-era low due to trade tensions and uncertainty. 国内资产表现不佳,因为NZX 50在2025年只上升了0.2%,房价迄今下跌了0.9%。 Domestic assets underperformed, as the NZX 50 rose just 0.2% in 2025 and house prices fell 0.9% year-to-date. 相反,全球市场激增,美国股票上升14.4%,新兴市场上升23.9%,欧洲和日本等主要区域回报率强劲。 In contrast, global markets surged, with U.S. equities up 14.4%, emerging markets gaining 23.9%, and major regions like Europe and Japan posting strong returns. 新西兰元上涨5%,美国回报率下降至10%以下,但欧洲和联合王国的收益增加。 A 5% rise in the NZ dollar reduced U.S. returns to under 10% but boosted gains from Europe and the UK. 国内固定收入和所列财产的业绩超过预期,债券上涨5%,商业财产上涨15%以上。 Domestic fixed income and listed property outperformed, with bonds up 5% and commercial property rising over 15%. 巨大的分歧突显了全球多样化的好处,因为投资者只关注新西兰的资产,却错过了重大收益。 The stark divergence highlights the benefits of global diversification, as investors focused only on New Zealand assets missed significant gains.