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Weekly Wrap: Where are the markets heading

This week has seen some diverging views on where the markets are heading with stories from AMP and Alliance Bernstein.

Friday, February 24th 2006, 1:34PM

This week has seen some diverging views on where the markets are heading with stories from AMP and Alliance Bernstein.

AMP expects strong returns to continue
AMP Capital expects the strong returns of the December quarter to continue this quarter.

Best of golden weather over
Australian-based Alliance Bernstein director, retail markets Bruce Garratt, who is in New Zealand at the moment, is warning advisers that the good returns from international shares won’t continue this year. [more]

To get an in-depth look at where markets are heading and experts’ views on the big issues such as tax and insurance, you must read the February issue of ASSET.

It has our annual Financial Forecasts feature – sponsored by AXA – which digs into the big issues.

Subscribe to ASSET for a year and get an extra six months added onto your sub*. Plus you can earn CPD points by reading ASSET.
(*this deal is available for renewals too). [subscribe here]


We have put the full version of the review of tax on Good Returns – check it out in the Features section.

Tax issues outlook for 2006: another watershed year?
PricewaterhouseCoopers tax partner Paul Mersi says 2006 is the crunch year for tax issues. [more]

Perhaps the biggest and most interesting story of the week has been AXA’s annual results. In our story this week we have looked at how it is doing. Its BNZ deal is probably bigger than most people realise – which I comment on in a Blog – and there are big changes going on at Spicers.

Spicers and BNZ key to AXA
AXA says it is optimistic for the outlook for its New Zealand business “with significant improvements expected to the structure of the managed funds market” this year and next. [more]

Blog

This was probably the deal of the year in 2005
One of the things that struck me about the AXA results this week is how big the BNZ deal is.
[more]


SuperTalk
While this week has been about markets, next week is likely to have a KiwiSaver theme running through it as we understand an act will be introduced to Parliament.

In SuperTalk today we have a story on KiwiSaver and how officials are looking at having the default savings option as a cash account. [more]

 

www.depositrates.co.nz
One of our aims at Good Returns is to substantially build up the Deposit Rates section into a bigger resource for readers.

This week we have an interesting story about picking finance companies and our round up of news briefs.

If you come across any interesting news for the briefs section please fire an email through to editor@goodreturns.co.nz

Picking the right finance company
Investors and advisers looking at finance companies need to be more discerning – especially as the economy slows this year, says McDouall Stuart’s Stephen Eaton. [more]

Deposit rate news briefs
Fastsaver growing fast, South Canterbury Finance looks for CFO, Avon raises capital successfully, S&P on Western Bay Finance accounts. [more]

 

Insurance News
Asteron’s joint venture with AA to sell life insurance got a brief mention last week. We have, today, a more in-depth look at the tie up. [more]

Also the move – and a couple of others in the market – triggered this Blog. [more]

 
Advertisement
Advertisement X-ONE Property Syndicate
WRF Property has launched its X-One Property Syndicate in New Zealand. The expected return is 8.3% in the first full financial year.
WRF is offering an early bird special to advisers. For more details call Aaron Gascoigne on 0800-497369. Full details in the investment statement available online at www.wrf.co.nz.


People
We have a couple of new appointments in the People section this week, including Tony Kinzett’s new job. [more]

Mortgage Centre
Good Returns provides the most comprehensive set of mortgage news, information and data on the net. Check out the Mortgage Centre to keep up to date with events.

 

 

 

« Tax issues outlook for 2006: another watershed year?Market review: How hard will the landing be? »

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Today's Best Bank Rates
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Based on a $50,000 deposit
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Cash PIE Rates

Cash Funds

Institution Rate 33% 39%
ANZ 0.10    0.10    0.11
ASB Bank 0.05    0.41    0.42
ASB Bank 0.05    0.59    0.56
ASB Bank 0.05    0.61    0.64
ASB Bank 0.08    0.66    0.69
ASB Bank 0.08    0.72    0.75
BNZ 0.10    0.10    0.10
Heartland Bank 0.40    0.40    0.40
Kiwibank 0.05    -    -
Kiwibank 0.25    -    -
Nelson Building Society -    -    -
SBS Bank -    -    -
TSB Bank 0.25    0.25    0.26
Westpac 0.35    0.36    0.38
Westpac 0.05    0.05    0.05
Westpac 0.35    0.36    0.38

Term Funds

Institution Rate 33% 39%
ANZ Term Fund - 90 days 0.35    0.36    0.37
ANZ Term fund - 12 months 0.80    0.82    0.85
ANZ Term Fund - 120 days 0.45    0.46    0.48
ANZ Term fund - 6 months 0.80    0.82    0.85
ANZ Term Fund - 150 days 0.55    0.56    0.59
ANZ Term Fund - 9 months 0.80    0.82    0.85
ANZ Term Fund - 18 months 0.85    0.87    0.91
ANZ Term Fund - 2 years 0.85    0.87    0.91
ANZ Term Fund - 5 years 0.90    0.92    0.96
ASB Bank Term Fund - 90 days 0.35    0.36    0.37
ASB Bank Term Fund - 6 months 0.80    0.82    0.85
ASB Bank Term Fund - 12 months 0.80    0.82    0.85
ASB Bank Term Fund - 18 months 1.00    1.02    1.07
ASB Bank Term Fund - 2 years 1.00    1.02    1.07
ASB Bank Term Fund - 5 years 1.75    1.81    1.89
ASB Bank Term Fund - 9 months 0.80    0.82    0.85
BNZ Term PIE - 120 days 0.45    0.45    0.47
BNZ Term PIE - 150 days 0.55    0.56    0.59
BNZ Term PIE - 5 years 0.90    0.91    0.95
BNZ Term PIE - 2 years 0.85    0.87    0.91
BNZ Term PIE - 18 months 0.80    0.82    0.85
BNZ Term PIE - 12 months 0.80    0.82    0.85
BNZ Term PIE - 9 months 0.80    0.82    0.85
BNZ Term PIE - 6 months 0.80    0.82    0.85
BNZ Term PIE - 90 days 0.35    0.35    0.37
Co-operative Bank PIE Term Fund - 6 months -    -    -
Heartland Bank Term Deposit PIE - 12 months 1.00    1.02    1.07
Heartland Bank Term Deposit PIE - 6 months 0.90    0.92    0.96
Heartland Bank Term Deposit PIE - 9 months 0.90    0.92    0.96
Heartland Bank Term Deposit PIE - 18 months 0.95    0.97    1.02
Heartland Bank Term Deposit PIE - 2 years 1.00    1.02    1.07
Heartland Bank Term Deposit PIE - 5 years 1.00    1.02    1.07
Kiwibank Term Deposit Fund - 90 days 0.35    0.36    0.37
Kiwibank Term Deposit Fund - 6 months 0.90    0.91    0.95
Kiwibank Term Deposit Fund - 12 months 1.00    1.02    1.07
Kiwibank Term Deposit Fund - 150 days 0.60    0.61    0.64
Kiwibank Term Deposit Fund - 120 days 1.00    1.02    1.07
Kiwibank Term Deposit Fund - 9 months 0.80    0.82    0.85
Westpac Term PIE Fund - 150 days 0.55    0.56    0.59
Westpac Term PIE Fund - 120 days 0.45    0.46    0.47
Westpac Term PIE Fund - 18 months 0.80    0.81    0.84
Westpac Term PIE Fund - 12 months 1.00    1.02    1.07
Westpac Term PIE Fund - 6 months 0.80    0.81    0.84
Westpac Term PIE Fund - 9 months 0.80    0.81    0.84
Westpac Term PIE Fund - 90 days 0.35    0.36    0.37
Westpac Term PIE Fund - 2 years 0.85    0.87    0.91
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