Investment Insights April 2025

In this edition, we discuss the impact of the US administration's trade wars on investment markets, particularly the stock market. We also discuss the recent announcement of tariffs on April 3, which resulted in a sharp decline in the S&P 500 and Nasdaq.

Mercer’s Investment Portfolio Manager James Wilson shares insights from Mercer’s global network of investment experts covering:

• How the US administration's influence on current trade wars is affecting investment markets.
• The launch of DeepSeek and the resulting volatility in the AI tech space.
• Potential challenges and emerging opportunities that investors should be aware of.

Mercer offers you a choice of investment options, please read the relevant product disclosure statement to understand each of the options available to you. If you are not sure if your investment option is right for you, please answer a few questions in our Fund Selector Tool and/or schedule a call with one of our financial advisers via our online form.

Mercer’s team of experts based in 44 countries around the globe, including New Zealand, monitor global and local events and bring you the latest updates. We also produce an investment report each month covering the Mercer KiwiSaver scheme, Mercer Super Trust and Mercer FlexiSaver, which includes returns for each of the seven investment options. You can find the latest information here.

_{This information has been prepared by Mercer (N.Z.) Limited. The information contained in this article is intended for general guidance only. It does not take into account your particular financial situation or goals. Before making any investment decision, you should refer to the Product Disclosure Statement or consult an appropriately qualified financial adviser}