NZ equity market still good value

The New Zealand equity market remains good value relative to bonds but expensive relative to global counterparts, AMP Capital Investors said while reporting quarterly returns for its funds.

AMP Capital's Conservative Fund returned 2.1% for the March quarter. The Balanced Fund returned 2.8% for the quarter and the Growth Fund returned 3.6%. The Balanced Responsible Investment Fund returned 3 percent for the quarter.

Despite a sharp correction during March, shares ended the first quarter with positive returns, said Bob Cunneen, senior economist with AMP Capital's investment strategy team.

The Unhedged Global Equities Fund returned 8 percent for the quarter, Hedged Global Equities returned 3.8%, and New Zealand Equities average return was four for the quarter.

The New Zealand Fixed Interest Fund returned 2.3% for the quarter and Global Fixed Interest returned 0.3%.

Global property returns were again strong at 4.5% for the quarter, while New Zealand commercial property was negative 3.6% for the quarter.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Infratil releases Climate Related Disclosures
The Warehouse Group Appoints Chief Digital & Transformation
The Financial Collapse Has Already Begun - Will You Be Caught Off Guard?
NWF - IMPLEMENTATION OF SCHEME OF ARRANGEMENT
EROAD Publishes FY25 Group Climate Statement
Synlait provides performance update
Air New Zealand Chief Executive Officer Appointment
July 30th Morning Report
IKE 1Q FY26 Performance Update
July 29th Morning Report