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Sam Dickie: The NZX50 has lagged global peers in 2021. But where to from here?
3 May, 2021 05:00 PM
6 minutes to read
New Zealand s sugar rush bounce back is wearing off, writes Sam Dickie. Photo / Supplied
NZ Herald
By: Sam Dickie
The NZSE50 has underperformed global markets by almost 15 per cent in 2021, after a whopping 25 per cent out performance over the previous five years. Sam Dickie, senior portfolio manager at Fisher Funds looks at what has caused this underperformance and if it is set to continue.
New Zealand s sharemarket is the worst performing developed market in 2021 – down 4 per cent while global stock markets are up 10 per cent. However, this comes on the heels of a five years of significant out performance.