NZ shares still have room for gains this year, AMP Capital says

Tue, 23 Apr 2013

By Paul McBeth April 23 (BusinessDesk) - New Zealand shares can continue their rally this year after a stellar performance in 2012 as a growing economy underpins gains in corporate earnings, according to fund manager AMP Capital Investors (New Zealand). Head of equities Guy Elliffe told a media briefing in Wellington that gains in local equities will be "broadly comparable to other asset alternatives plus a risk premium." That will be on the strength of improving company revenue, which he sees as growing 3 percent this year, with earnings pe...

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