• Murray Harris: Milford Asset Management Head of KiwiSaver on the fluctuations caused by Donald Trump's tariffs

  • Mar 5 2025
  • Length: 2 mins
  • Podcast

Murray Harris: Milford Asset Management Head of KiwiSaver on the fluctuations caused by Donald Trump's tariffs

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  • Summary

  • An urge for Kiwis to not worry about market impacts from Donald Trump's tariffs on their KiwiSaver.

    The US President's slapped import levies on Canada, China, and Mexico, and has signalled more for other countries.

    Trump says he's spoken with Canadian Prime Minister Justin Trudeau over easing tariffs on the auto sector.

    But Milford Asset Management head of KiwiSaver Murray Harris told Mike Hosking it's a long term investment, and markets always go up and down.

    He says their advice is to ignore the market fluctuations, stay the course, and not panic.

    Harris says when markets go down, contributions are buying more value, and when markets recover, KiwiSaver users will benefit from those extra units, bought more cheaply.

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