News

Yield play on sharemarket diminishing

Wednesday 31st of July 2013

AMP Capital head of investment strategy Keith Poore says the yield story has become less compelling on the NZX recently.

AMP says that the New Zealand share market is around its fair value level and there is room for cyclical stocks to outperform.

One of the features of the market is that overall returns have been driven by a small group of stocks trading on high price/earnings ra...

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