AMP Capital still sees value in local stocks after 13 percent surge in September quarter

Mon, 15 Oct 2012

By Paul McBeth Oct 15 (BusinessDesk) - AMP Capital Investors (New Zealand), which manages $16 billion in local funds, still sees value in the local stock market, which beat its global peers to rise 13 percent in the September quarter. New Zealand stocks, including imputation credits, were the best-performing asset in the three months ended Sept. 30 after solid earnings growth, and "still have a way to go before valuations become a restraining factor," head of investment strategy Keith Poore told reporters at a quarterly media briefing. Ris...

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