Making money out of debts
Income investors are always looking for ways to get a safer return for the risk they are taking with their money, but many are missing a trick by turning a blind eye to New Zealand's debt security market.
Wednesday, June 1st 2005, 7:53AM
by The Landlord
Kiwis have shown some strong preferences in looking for income. We have about $60 billion invested in fixed-interest term deposits, $12b in unlisted finance company debenture stocks and billions in investment property.But many income investors have not heard of the NZDX listed security market, which is the country's stock market for corporate debt.
It contains some of the nation's biggest names in business - Fonterra, Fletcher Building, ANZ National Bank, Origin, Powerco, Auckland International Airport and Electricity Corp - as well as being the place where investors buy and sell New Zealand government stock, also known as Kiwi bonds.
More than $8.5b in debt securities is issued by the government and the 43 companies represented on NZDX.
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