Defensive yield stocks provide best return: Forsyth Barr

The New Zealand stock market is 56% defensive yield stocks. (Image: Getty)

Mon, 15 Jan 2024

Defensive yield stocks have provided the best return for investors in the New Zealand stock market over the past year, according to research from Forsyth Barr.Matthew Leach, a senior analyst at the investment firm, said stocks could broadly be grouped into three thematic classifications: defensive yield, cyclical and structural growth stocks.A recent research note by Leach said defensive stocks experienced gains of 3.2% on average in the December quarter.Structural growth and cyclical stocks also finished the quarter in the green with 1.3%...

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