House Prices

Means of control

Investing and saving money may appear to be all about numbers, but they're often about fashion as well. And, like clothing fashions, investment fashions go in cycles.

Thursday, March 25th 2004

The latest item to be back in vogue is the listed investment company - a form of managed investment with a style of its own.

In recent months there has been a plethora of new offerings of listed investment companies in Australia. Some of those funds, such as Peters Macgregor Investments, are also being promoted in New Zealand. And we have our own offering in the form of the Kingfish fund.

Once these funds get off the catwalk and on to the streets, they will join other listed investment companies already on the stock exchange.

But what is a listed investment company (LIC) and why is an outfit like Fisher Funds Management - known for its unit trusts - involved in this area?

First, LICs are nothing new. They've been around for decades, with more than 100 now listed on the Australian Stock Exchange. Many Britain-based LICs can also be bought and sold on the New Zealand Exchange and are widely used by investors.

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Property sector still strong in Manawatu

Unity First Home Buyer special	4.15
SBS FirstHome Combo	4.29
ICBC	4.49
Kainga Ora	4.59
SBS Bank Special	4.69
AIA - Go Home Loans	4.75
Unity Special	4.80
China Construction Bank	4.85
Co-operative Bank - First Home Special	4.89
Kiwibank Special	4.95
TSB Special	4.99

Kainga Ora	4.95
China Construction Bank	4.95
ICBC	4.99
SBS Bank Special	5.29
Unity Special	5.29
Co-operative Bank - First Home Special	5.29
Kiwibank Special	5.39
ASB Bank	5.45
Westpac Special	5.45
AIA - Go Home Loans	5.45
BNZ - Std	5.45

SBS Bank Special	5.49
BNZ - Std	5.49
Westpac Special	5.49
ASB Bank	5.59
AIA - Go Home Loans	5.59
ICBC	5.65
Kiwibank Special	5.69
Kainga Ora	5.69
Co-operative Bank - First Home Special	5.89
Co-operative Bank - Owner Occ	5.99
TSB Special	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	4.20
Co-operative Bank - Standard	5.34
Co-operative Bank - Owner Occ	5.34
ICBC	5.39
Kainga Ora	5.79
Heartland Bank - Online	5.80
SBS Bank	5.84
Pepper Money Prime	5.99

House Prices

Means of control

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