Global appetite for NZ yield stocks on 'pause', Harbour Asset's Bascand says

Fri, 23 Mar 2018

By Pattrick Smellie March 23 (BusinessDesk) - Appetite among global fund managers for high-yielding New Zealand stocks has gone on pause for the last three to six months after two to three years of consistent monthly demand, the managing director of Harbour Asset Management, Andrew Bascand, says. Addressing a Russell Investments seminar for large-scale investors in Wellington, Bascand said global demand for New Zealand shares, while very limited as a proportion of their total investments, had been driven by the fact that "every global fun...

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