Forum Archive Index - February 2000

["hugh webber" <hugh.webber@clear.net.nz>]

p16 of the Feb 11 NBR (letters) gives a spirited rebuttal
to the doomsayers.It points out that the NZSE Small Caps
Index of 94 stocks started in Jan 1991 and hit an all time 
high in Dec 1999. It says that in the nine year period the 
NZSE SCI outperformed the S & P 500 Index of the US
market and that in the 6.5 year period to mid 1997 it
outperformed the Nasdaq, S & P, Australian All Ords and
Australian Small Ords. It states (its not clear what period 
it's referring to here) that $1,000 invested in the NZSE SCI
would have yielded $4,379 vs $9825 in the Nasdaq, $4,082
in the S & P, $2,333 in Oz All Ords and $2,157 in the Oz
Small Ords. It states the NZSE SCI return is 17.8% per
annum but add in dividends (not much of those on the Nasdaq)
and it becomes 26%.
It reels off Sanford, Tourism Hldgs, Ebos, Michael Hill,
MetlifeCare, Ports of Auckland, Port of Tauranga, Radio Works,
Trust Power, Waste Management, Infratil, Nuplex as all 
giving superior returns.
Next week the NZSE is promising to wheel out its heavy guns
to fire a salvo against the original dastardly article. A swarm of
angry bees is erupting.

cheers,
Hugh  

----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.