Outlook for giving 2026
Giving financially in Aotearoa New Zealand continues to demonstrate resilience, but the conditions underpinning that generosity are becoming increasingly complex.
Is US Exceptionalism Fading?
Few investment themes generate as much discussion as the concept of US exceptionalism—the belief that the US economy and equity markets consistently outperform global peers. Over the past decade, this narrative has largely held true. However, 2025 has presented a different picture, with several non-US markets delivering stronger performance.
This shift, coupled with the Trump administration’s unconventional and often confrontational policy stance, has prompted renewed scrutiny of the US’s dominant position. Is US exceptionalism beginning to wane?
In this video, Phil Borkin, our Senior Manager of Investment Strategy, revisits this theme and shares our perspective: while risks are emerging, we believe it’s too early to call the end of US exceptionalism.
Phil also outlines how we’re managing US exposures and addressing broader diversification considerations within our recommended model and reference portfolios.
News & Insights
Decision Isolation: The Loneliest Moment of the Founder Journey
The biggest decision of a founder's business life is faced alone. The choice to sell or not carries consequences that ripple through identity, family, team and wealth.
Video
"Back to the Future?"
While a resolution in the Middle East conflict remains uncertain and the situation continues to evolve, Phil Borkin, Senior Manager of Investment Strategy, considers what a lasting outcome, when it…
