Pathfinder extends access to Ethical Trans-Tasman Fund

Pathfinder chief executive John Berry said Australasia was increasingly being seen by savvy investors as a great investment opportunity given New Zealand and Australia’s handling of the Covid-19 crisis.

He said there had been massive fiscal stimulus from governments, and support from Reserve Banks. Both countries were in a strong position by global standards with relatively low government debt levels.

Australasia was also still a high-dividend market which was attractive against a backdrop of very low interest rates.

China, which is now recovering from the Covid-19 hit, was a key trade partner for both countries. “If there is a second Covid-19 wave internationally, we believe this could see increased fund flow into ‘safe havens’ such as Australasia.”