Yovich & Co. Weekly Update - 5 November 2012

Nov 5, 2012 | Commentary

This Week's Themes

  • The NZ market retraced recent gains after a 5 month 18% rally that saw the market trade over 4,000 for the first time since January 2007. 
  • U.S. markets were sluggish after re-opening after Hurricane Sandy flooded Manhattan and caused significant damage to large parts of New York. All eyes will be on the U.S. election on Wednesday with expectations that it will be a close race.
  • European markets were relatively strong with strong results from a range of companies encouraging investors.
  • The Kiwi was firmer as a range of data showed that the New Zealand economy is improving.  

Investment News

Investing for Income - In April 2009 the Reserve Bank of New Zealand (RBNZ) reduced the Official Cash Rate (OCR) to a record low of 2.5% as the world economy was in the depths of the Global Financial Crisis (GFC). Since then, crisis has been averted but economies have struggled to bounce back with significant growth, in contrast markets have rallied as investors chase high yielding stocks and bonds. With the RBNZ making indications that an upward move in the OCR could be a long way off, the search for high yielding investments remains central to all investors. Our top Income Investments have proven track records with dividends, robust balance sheets and a sustainable bottom line.

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Jarrod Goodall



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