Many people are far too exposed to the local economy,
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Nike Roshe Run Hombres Real Blanca Outlet En Venta, senior economist at Gareth Morgan Investments.Recently some financial industry participants have predicted that New Zealand fund managers will invest more of their portfolios overseas as the growth in KiwiSaver funds outpaces the capacity of the local sharemarket to absorb them. I agree with this prognosis. Flooding the local market with funds beyond its capacity to absorb them is a recipe for poor quality investments and low returns.Aside from this argument I consider that there are three other reasons why for many investors it makes sense to have a good portion of holdings overseas.Reason 1: Reduce exposure to the New Zealand economyPeople are heavily exposed to the economy through their jobs and their houses.If it tanks many peoples’ earnings and property values go down the drain.In times of economic hardship the local sharemarket is no haven for local investors. Over time it is dependent on the performance of the domestic economy,
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Nike Run Balanza gratuito 2014 Mujeres Verde Naranja Tienda Online Venta Liquidación 2014, and share investments.Overseas investments are free of the vagaries of the local economy. Holding a decent proportion of diversified overseas investments means that wealth won’t be as badly affected if the economy slumps.Admittedly the global financial crisis crushed international markets at least as much as local markets.But,
donne Nike Free Run 3 Hot Punch Rosa Grigio Vendita Men, over longer periods,
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Nike Roshe Run Dark Blue White Men Envío Rápido, securities and sectorsAccording to World Bank statistics the New Zealand sharemarket is around 0.2 per cent of total global sharemarket capitalisation and roughly compares in size to countries such as Peru,
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Nike Roshe Run Yeezy Uomo Grigio Donna Uomo Scarpe Outlet online, construction and transport and there is little exposure to the agriculture sector because of its tightly controlled ownership structure.People can invest,
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Nike Free Run 6.0 Spiderman 2013 Negro Blanco Mujeres Ahorrar Hasta Un 79%, sectors and industries.For example,
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Nike Free Run 2014 Blu Scuro Uomini Bianchi Uk online Salestore, McDonald’s and Coca Cola.Overseas markets provide much greater opportunities for diversification across a wide variety of local and global economic conditions.Reason 3: Greater exposure to fast growing emerging marketsEmerging economies such as China,
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Nike Roshe Run Hombres Iguana Negro Tienda Outlet On Sale, and Indonesia are growing rapidly as they take advantage of new technologies and favourable demographics to become more productive.In contrast,
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Nike Roshe Run Fb Yeezy Negro Hombres Entrega Rápida, emerging market investments have the potential to add extra kick to returns over time without significant additional risk.In the future it is possible that many emerging country financial exchanges will become better regulated and more transparent,
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Nike Free Run Powerlines Ii Gris Hombres Venta Hombres, reducing the risks involved in investing in these markets and allowing greater opportunities for investors from developed countries.Investing overseas won’t be for everyone. Some investors will prefer investing in local companies and securities they know and trust. There will be local success stories and some investors will be confident they can pick the winners. Fluctuations in the New Zealand dollar can lead to volatile domestic currency returns on overseas investments,
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Nike Free Run 3.0 V4 Naranja Gris Mujeres Suministramos Alta Calidad, which can be off putting. It can also be expensive to directly invest in overseas securities because of brokerage and custody fees. However,
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Nike Free Run 5.0 V3 2014 donne rosse Con trasporto libero, it is inevitable that a greater proportion of New Zealand savings will be invested overseas. This should be welcomed as over time it will provide more diversification and the opportunity for better returns on savings.Ultimately this should allow better incomes and higher standards of living in retirement. They are of a general nature and should not be treated as a recommendation or guidance to any individual. Your comment has been received,
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