2025 in review: What moved economies and markets

2025 has been a year of global shocks, shifting monetary policy, and cautious investor sentiment. In this episode, Nigel Grant (Head of Wealth Products, ASB) is joined by Chris Tennent-Brown (Senior Economist, ASB) and David Griffith (Client Chief Investment Officer and Head of Multi Asset Solutions, BlackRock) to reflect on the global and local themes that influenced markets and the New Zealand economy. They also discuss key changes to ASB portfolios and share practical tips for investors heading into the new year. *** This material has been created with the co-operation of BlackRock Investment Management (Australia) Limited (BIMAL) ABN 13 006 165 975, AFSL 230 523 on 03/12/2025. Comments made by BIMAL employees here represent BIMAL’s views only. This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL’s Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.