From AI and sticky inflation, to US tariffs and gold – global markets this year have been full of opportunity and risk. Milford Portfolio Manager Frances Sweetman looks back over 2025 with Ryan Bridge, highlighting the major trends that influenced markets, and outlining what analysts are watching to stay ahead in 2026. This podcast is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a reliable indicator of future performance. Milford is an active fund manager with views and portfolio positions subject to change. Milford Funds Limited is the issuer of the Milford KiwiSaver Plan and the Milford Investment Funds. Please read the relevant Milford Product Disclosure Statement at milfordasset.com. Before investing, you may wish to seek financial advice. The disclosure statements of all Milford Financial Advisers contain more information and are available for free on request. For more information and to see our Financial Advice Provider Disclosure statement, please visit milfordasset.com/getting-advice

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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