Thursday 21st April 2011 |
Text too small? |
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
No comments yet
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained
Devon Funds Morning Note - 23 April 2024
April 23rd Morning Report
RYM - Group CEO Update
BGI - Director Michael Chai
RAD - Final Dividend and Strong FY24 Operating Performance
RYM - Group CEO Update