After 20 years of
modern portfolio theory being the currency of investment for
financial planners and advisers, some rethinking is taking
place as the ongoing credit crisis and recession places
restraints on earnings for investors.
The latest BNZ
Capital-Business New Zealand performance in manufacturing
index provided some sobering yardsticks for the region,
Otago-Southland Employers Association chief executive John
Scandrett said yesterday.
Westpac responded to criticism by MPs that banks were keeping
mortgage rates artificially high and maintaining high profits
by lifting some of its lending rates yesterday, although it
was the last retail bank to do so.