Media

In a ground-breaking move for the institution globally, the Bank of China (BOC) NZ has launched the first of what could be many locally-domiciled funds aimed at meeting the legal obligations of Chinese immigrants seeking residence in New Zealand under investor exemptions.

Eric Wei, BOC NZ head of family office, said the $150 million wholesale fund, created under the auspices of the NZ Department of Immigration, attracted investments from 62 Chinese ‘investor’ migrants.

Tama Willis talks about the Australian and Trans-Tasman Funds in the July 2016 Webinar (2 August 2016).

Download the slides here

Paul Glass talks to Liam Dann from The Economy Hub. Click Here to view. 

2016 has already been a year of big surprises. It is a year in which we have seen an unexpected majority of British voter’s support an exit of the European Union, terrorist activity has grown in prominence and regularity and there is now a real chance that the previously incomprehensible may in fact become a reality with the US presidential election. Despite all these apparent challenges to global harmony, equity markets around the world have continued to rally.

June 2016 Markets Commentary

Bernard Doyle and Slade Robertson comment on the recent Brexit referendum result and portfolio positioning.

(Click here for the recording)

Nick Dravitzki talks to Paul Henry regarding the proposed merger between Vodafone and Sky TV.

http://www.radiolive.co.nz/VodafoneSky-merger---why-does-Vodafone-get-51-share-when-Sky-is-making-far-more-money/tabid/506/articleID/123554/Default.aspx

While the Government’s 2016 Budget must be rated highly for prudent fiscal management, it again fails to address a number of the key and increasingly pressing issues facing New Zealand. On the positive side, our country’s accounts are in good shape and we will move into a strong fiscal surplus over the next 5 years based on the Treasury’s optimistic growth forecasts.

The only sensible conclusion an observer can come to is that there is no real political will to address the Auckland housing crisis. While a number of serious solutions are self-evident, the level of the debate is bogged down in headline grabbing but relatively ineffective proposals like registration and a potential land tax on foreigners. Foreign property taxes have been relatively ineffective in other countries including Singapore which has a 15% stamp duty payable by foreign purchasers.

It seems like everywhere you go these days people are talking about the “yield”. The rationale goes something like this: global central banks have sought to drive investors into higher yielding assets by buying up long term government debt (and thereby depressing its yield), consequently investors have sought higher yield wherever it can be found, and some of that cash has flowed into higher dividend paying shares.