NZ shares fairly expensive: Glass
At yesterday’s Perfecting Investment Portfolios event in Auckland, where the major topics were demographics, deleveraging and commodities, Glass looked at where investors, advisers and managers might find good value in the current market.
One place to look, he said, was in international equities, with corporate earnings globally in “pretty good shape”; earnings per share on S&P 500 stocks will hit a record high this year.
However, he said some stock markets represent better value than others when looked at through measures such as price to earnings ratios.
“One of the markets that has remained fairly expensive is the New Zealand market,” he said.
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