NZX expects modest growth, smaller listings ahead

Wed, 09 Apr 2014

April 9 (BusinessDesk) – New Zealand’s stock exchange operator, NZX, is expecting to reap moderate growth from recent investments over the next two to three years, and to seek greater involvement in passive managed funds, where the local market has lagged Australia and the US. Slides prepared for an NZX investor day presentation give no guidance on future earnings, but say “the focus remains on organic growth” and small acquisitions, particularly for new streams of saleable agricultural data. NZX has “two to three years to realise the upside”...

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