NZ equities suit active not passive investing
Margin Call: Active managers have managed to outperform in New Zealand over the past decade.
Matthew Goodson
Tue, 16 Feb 2021
Margin Call: Active managers have managed to outperform in New Zealand over the past decade.
New Zealand equity investors had a white-knuckle ride in 2020. The S&P/NZX50 Gross Index fell by 29% from January 1 to its nadir in late-March, from where it surged +59% by year’s end. If one had been in a coma for the year, the overall return of +14% was solid and unexceptional.
Surely this