House Prices

High returns won't last: AMP fund

The country's largest fund manager predicts that the "exceptional" returns enjoyed during the past year are about to fall back to more normal levels.

Saturday, July 24th 2004

AMP Capital Investors yesterday revealed healthy returns on its funds for the June quarter, helped by a buoyant local equity market.

Its strategic NZ equities fund had a gross return of 5.6 per cent, taking its annual return to 25.9 per cent.

Chief investment officer Tore Hayward said the local markets had been helped during the quarter by rising global equity markets and a stronger-than-expected domestic economy.

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Property sector still strong in Manawatu

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
Kiwibank Special	4.49
TSB Special	4.49
AIA - Go Home Loans	4.49
ANZ Special	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	3.44
AIA - Back My Build	3.54
SBS Construction lending for FHB	3.74
CFML 321 Loans	4.25
Co-operative Bank - Owner Occ	5.30
Co-operative Bank - Standard	5.30
ICBC	5.39
Heartland Bank - Online	5.45
Kiwibank - Offset	5.80
Kiwibank	5.80
ANZ	5.89

House Prices

High returns won't last: AMP fund

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