Investment Insights July 2025

In the second quarter of 2025, ongoing trade tensions, particularly between the U.S. and China, have created uncertainty in the global economy, leading to volatility in financial markets. 

Alex Qi, Assistant Portfolio Manager, shares insights from Mercer’s global network of investment experts, covering:

• How the market performed in the second quarter of 2025.
• The conflict between Israel and Iran and its impact on commodity markets.
• Key trends investors should keep in mind for the upcoming months.

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}