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Are Equities Dead And Buried?

Are Equities Dead And Buried?

International Equities Expert Visits New Zealand To Discuss

Since their peak in March 2000, global equity markets have seen reductions in their value by 49%.

“Are there any opportunities still out there during these uncertain times?” asks David Leary, a leading global investment expert and Head of Global Equities, First State Investments UK.

By careful stock picking the right international equities (shares) and looking at the world as a group of global sectors rather than on a regional or country basis presents investing in global equities in a whole new light.

Mr Leary will be demonstrating a unique approach to global stock picking that has been highly successful for First State Investments UK.

Sovereign is hosting Mr Leary in his second visit to New Zealand as he talks to a range of leading business contacts within the investment community over two days.

Simon Swanson, Managing Director, Sovereign says Mr Leary’s visit is well-timed as the latest research reveals New Zealanders are generally not saving and those that are, have much of their money tied up in just one asset class — property.

“Sovereign believes residential housing is a sound investment, but has concerns that the country’s love affair with housing means investors have too narrow a portfolio of investments. It is an ill-conceived investment strategy to put a lot of money in one asset class, whether it’s housing, bank deposits or gold bullion.

“The depth of First State’s global sector research is impressive,” says Mr Swanson.

David Leary will reveal First State Investment UK’s unique approach to company valuation which is underpinning its strongly performing Global Shares Fund during a period when all global markets are registering negative returns. This is based on analysis by both global sector research and regional research.

“The real key is to identify quality companies with earnings growth potential per share,” says Mr Leary.

Rated as a five star product by New Zealand research houses, an ‘A’ Fund Management rating from Standard & Poors, and a ‘strong buy’ rating from InvestorWeb in Australia, First State’s global equity fund is becoming very popular with investors and investment companies alike.

Mr Swanson says the performance of the fund against benchmark figures and the competition is the fund’s own endorsement.

“With interest in the global equities market at an all-time low, this fund is performing strongly and outperforming most others.

“The in depth knowledge of the team of global sector analysts coupled with the regional analyst team and Mr Leary’s own experience make the fund a stand out performer.

Sovereign is New Zealand’s finance industry success story, continually innovating in life insurance, savings and investments, and home loans.

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