Brooke Roberts: Sharesies Co-CEO on the global impacts of Donald Trump's tariffs

The NZX50 index had fallen about 3.7 percent at the close of market today - as Donald Trump's tariffs continue to reverberate globally.

It hasn't had a fall of this magnitude since the pandemic.

Sharesies Co-CEO Brooke Roberts says it's hard to say how long markets will keep rattling around.

"Look, it's unprecedented times in terms of the shock that has happened to the markets at the moment based off the back of the tariffs - and the ripple effect that's happening to economies."

BusinessDesk reports Trade Minister Todd McClay says the NZ Embassy in Washington will raise concerns over tariffs to the US trade representative.

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Episode Transcript

Speaker 1 (00:00):
The sheer market's taken a big hit. In fact, apparently
it's been the biggest hit since the beginning of the
COVID pandemic. Market was down three percent. This is the
inxetics here in New Zealand with more than two billion
dollars wipe off the value. Brooke Roberts is the Charesy's
co CEO with me tonight.

Speaker 2 (00:14):
High Brook, Hey, how are you? Yeah? Good?

Speaker 1 (00:17):
We've been told not to touch our key we Savers,
but I know that Cheesy's investors are a lot more
active than that. You know you've got you're involved in
your own portfolios. Are people touching them? Are they selling?
What are they doing?

Speaker 2 (00:29):
Yes? In terms of Kei we Saver, we've seen people,
the majority of people keep to their strategy, so they're
not moving to more conservative funds, which we heard used
to happen on other brokers. They and they're looking at
their portfolio, which is great and on our Chesey's key
we Saver, it's really transparent. You can be really flexible
in terms of what you're invest in and invest in
from different funds, from different fund managers all in one,

(00:51):
which is pretty good. In terms of what we're seeing
on the outside of kesaver and investing side. So we've
seen an increase in engagement. People are low in and
checking their portfolio, but again taking a really balanced approach.
We've seen trading volumes go up about thirty percent week
on week past week, net records in terms of shares

(01:12):
being transferred into shares these from other brokers, net buying,
So people are being a bit more active in terms
of actively looking at their portfolio and buying and investments
into the share market.

Speaker 1 (01:25):
Can you see what the you know, what your average
users account is worth and how much they've lost.

Speaker 2 (01:31):
So yeah, we've got people from zero to ninety seven
years old on the platform. Will take really different approaches
to growing their health. So there's people that are actively investing,
and there's you know, active traders, and there's others that
are building their investments every paiday over time. So there's
a wide range of different returns that people experience through

(01:53):
the way that they behave too, because the number one
way that we create wealth is through managing our behaviors,
and especially in times like this.

Speaker 1 (01:59):
Right, so you haven't seen any particular change in behavior,
you haven't seen any particular selling off or any particular
fallen in average account value.

Speaker 2 (02:11):
So one thing we have started to see is a
bit more of rebalancing, so people are looking at different
markets in different eset classes. So in the top ten
buys we've seen today in gold ETF and Europe ESG,
extrage train of funds have started to pop in there,
but still the number one by is the US top
five hundred. And we're also seeing more orders for the

(02:34):
Australian Stock Exchange too coming through, So there's subtle differences
that in general people are sticking to their long term
investing strategy.

Speaker 1 (02:42):
Okay, well this is the right thing to do, isn't
it unless you've got to get the money out tomorrow?
What's We've had market analysts telling us, you know, they're
surprised at how the scale of this, how widespread it is,
and then the selloff happening day after day. How much
longer do you think we're going to see markets taking
a hit like this?

Speaker 2 (02:58):
Oh? Look, it's unprecedented times in terms of the shock
that has happened to the markets at the moment based
off the back of the tariffs and then the rippleistic
that's happening to economy. So look, I don't have a
crystal ball and can't tell you that. But what as
you mentioned earlier, You know, if you take five year
of you sm P five hundred, yet it might be
down in the last day, but it's up eighty percent

(03:21):
over the last five years. The A six two hundred
up thirty five percent of the last five years. So
when you take a longer term lens, there's you know,
it looks quite different to the day to day watching
the market.

Speaker 1 (03:33):
Brook, Thank you for that, Brook Roberts Co, CEO at
Shares East.

Speaker 2 (03:36):
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Speaker 1 (03:40):
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