New Zealand is a fertile investing ground
Ben Griffiths, Portfolio Manager at Eley Grifftihs Group, says that New Zealand is a great place to invest. Auckland Airport has been a significant holding of theirs for some time, while Trade Me Group is currently their largest position. All up, New Zealand-Based companies now make up ~16% of their portfolio, up from ~6% last year. “There’s a whole of things going right in New Zealand,” such as booms in both construction and tourism. He says he’s even heard NZ referred to as ‘the Silicon Valley of the Western Pacific.’ Currently three of the top five positions in their portfolio are NZ-based. “New Zealand is a prominent sector in our portfolio, and I think that will continue.” In this video he mentions four NZ companies that are currently in their portfolio.
4 stocks mentioned