NZ sharemarket to unleash demand for an extra $2 billion from investors, says AMP

Wed, 13 Feb 2013

By Paul McBeth Feb. 13 (BusinessDesk) - Fund manager AMP Capital, which manages $16 billion, expects a string of investment opportunities on the New Zealand sharemarket will suck up to $2 billion in new funds from investors this year, reversing the trend of the last decade. Head of equities Guy Elliffe told a client presentation in Wellington that the local stock exchange faces a "materially" busier year than normal in terms of capital raisings, and with demand that could see demand for a net $2 billion in extra funds on top of any dividends...

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