Late bounce rescues 2022 from ignominy

Last year was only the “third worst” for global share markets this century, according to the latest Melville Jessup Weaver quarterly investment survey. The long-running survey, which spans a broad range of strategies used by NZ wholesale investors as well as many KiwiSaver funds, revealed that the final quarter of 2022 saved the year. “Global shares rose 7.5% (in local currency terms) for the three months [to the end of December],” the report said. Until the December quarter bounce, the MSCI global equity...