Financial services claims misleading

Monday 15 November 2004

Gareth Morgan has made a range of unsupported claims against the financial services industry that are misleading, irresponsible and provide little advice or commentary that might improve investors' knowledge.

By The Landlord

Morgan attacks a range of investment and savings options that are broadly described as collective investment vehicles.

Collective vehicles enable investors to pool their savings, which are invested in a range of sectors by a professional fund manager who makes informed decisions with the expertise and research that an individual generally does not have.

Collective investment vehicles give individual investors the benefit of diversification, which reduces the investment risk that a small investor would otherwise find difficult to avoid.


They provide flexibility and convenient avenues for investors, small and large, sophisticated and unsophisticated, to access a wide selection of local and global investment sectors. Morgan's articles do not acknowledge the benefit that customers gain from these features.

Read More - Opens in a new window
Commenting is closed

Property News

ComCom warning for property trader

A property trader, who has attracted unfavourable media attention in recent years, has received a formal warning from the Commerce Commission.

Commercial

Demand challenges for commercial sector

Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.

Mortgages

LVR loosening likely - ANZ

LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.

Site by PHP Developer