House Prices

Learning about shares: Few nasty surprises in fixed interest market

Barbara asks: We touched on debt securities a couple of weeks ago when we talked about asset allocation. I'm interested in learning about how they work. Can you tell me more?

Dan Dividend responds: Debt (or fixed interest) securities - despite often being viewed as the rather conservative cousin of shares - are a big part of the investment world. At last count there were

Tuesday, April 20th 2004

72 securities listed on NZX's debt market, the NZDX.

You can use debt securities to provide diversification in your portfolio as they have different risk and return characteristics to shares, so they tend to move in different cycles.

So what are debt securities?

As we touched on a couple of weeks ago, companies issue debt securities for sale to raise money to fund growth, in much the same way as they issue shares. It's not just companies in this business either - the Government also has debt securities listed on the NZDX.

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Unity First Home Buyer special 3.99
ICBC 4.25
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.35
TSB Special 4.39
Co-operative Bank - Owner Occ 4.45
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
Westpac Special 4.45
SBS Bank Special 4.49
BNZ - Std 4.49
TSB Special 4.49
Kiwibank Special 4.49
ANZ Special 4.49
AIA - Go Home Loans 4.49
ASB Bank 4.49
Co-operative Bank - Owner Occ 4.49
ICBC 4.59
Wairarapa Building Society 4.59
SBS Bank Special 4.99
Westpac Special 4.99
ICBC 4.99
BNZ - Std 4.99
AIA - Go Home Loans 5.15
ASB Bank 5.15
Co-operative Bank - Owner Occ 5.19
ANZ 5.39
TSB Special 5.39
Kiwibank Special 5.39
Kainga Ora 5.49
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.65
ANZ 5.69

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