Of cheap money, bellboys' stock tips and caveat emptor

Of cheap money, bellboys' stock tips and caveat emptor
Jenny Ruth
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...

More Markets

NZ sharemarket dips despite positive earnings reports
Markets Market close

NZ sharemarket dips despite positive earnings reports

The S&P/NZX 50 Index closed at 11,675.99, down 59.72 points or 0.51%.

Pacific Edge in holding mode as US Medicare decision nears
Markets

Pacific Edge in holding mode as US Medicare decision nears

Pacific Edge says it is ready for any outcome in the United States.

Infratil has $800m to play with
Infrastructure

Infratil has $800m to play with

Digital assets including One NZ and data centres dominated earnings for Infratil.

Spark to take solar power from Genesis’ Lauriston project
Markets

Spark to take solar power from Genesis’ Lauriston project

Lauriston is due to start generating power by the end of the year