In September, there were two main local market events in New Zealand which were somewhat overshadowed by the broader theme of normalising global interest rates.

The first was the hard-fought NZ election, which left no clear government formed on election night.  Consistent with the last 8 MMP elections in NZ, it will likely take some time for a government to form. This process is not a surprise for local nor international investors, and was an outcome clearly signalled in the polls throughout the year.     read more.....

Publication by Harbour Asset Management