News

AMP moves portfolios in anticipation of slowdown

Tuesday 19th of October 2004

Chief investment officer Tore Hayward says the company has shifted 5% of its diversified portfolios out of global bonds to New Zealand bonds. And he says New Zealand shares and the New Zealand currency are likely to fall soon.

“Strong growth has pushed up New Zealand bond yields relative to global yields and we don’t think the gap is sustainable...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.