Of cheap money, bellboys' stock tips and caveat emptor

Mon, 28 Dec 2020

If it just comes down to the weight of money, 2021 should be a ripsnorter for the New Zealand sharemarket.According to JB Were strategist Phil Borkin, about $150 billion of term deposits will roll over during the year."Not all of that's going to find its way into the equities market, of course, but returns are hard to find elsewhere at the moment," Borkin told BusinessDesk, calling this a TINA – there is no alternative - dynamic.Borkin should know, given JB Were has more than $21 billion in funds under administration.Certain...

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