NZ equity returns for the next decade?

By: Jamie Young

The New Zealand Equity Market had a stellar 2019, up over 30%, so we revisited our NZ equity return estimates to see how the outlook might have changed.

We use the Grinold and Kroner model to break down future returns based on the following equation:

Our return estimates below are “real” returns, the net return after inflation. If you would like a nominal return (including inflation) simply add on your desired inflation number.