Foreign investors could leave sharemarket as price-earnings premiums strain
Equity market valuations relative to the rest of the world may have stretched too far.
Calida Smylie Thu, 09 Apr 2015
New Zealand equity market valuations are straining partly because of foreign investment and price-earnings premiums relative to the rest of the world may have stretched too far.
Foreign ownership of New Zealand listed companies is concentrated in the top 15 larger capitalisation businesses and has
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