Fortunately, the
Global Credit Crunch had relatively
little effect on the New Zealand banking sector. A striking contributory cause was the health of the New Zealand financial market, due largely to the quality of its lending
sector. In New Zealand, this has faced much sterner regulation
and control than had, regrettably,
become the norm in many other OECD countries during the property boom years of
2002-2007.
Another
huge attraction today, when
considering safety for global investors,
is New Zealand’s secure social and political environment, which has very largely stayed constant
throughout the past 150 years. Politically, both of the two
main political parties neatly reflect
the populace, in that they are just a smidgen to the left or right of
centre, which is pretty much how New Zealand sees itself. This is not a country
that encourages or in fact tolerates extremists.
New Zealand
is also considered one of the most honest and least corrupt places in which to
do business; this is a well-deserved reputation, of which New Zealand is
passionately protective. All in all, there are few places that could be
considered a better place in which to invest your funds.
For these
reasons, since the 1990s, New Zealand has increasingly found itself a destination of choice for global investors. They have
been well rewarded for their faith, particularly those from Japan and China, who have flocked to place their
household savings into NZ currency issues,
reaping an interest rate well above the domestic offering. Chinese
investors have also been buying huge tracts of good NZ
farmland as well as residential homes in Auckland, New Zealand’s largest
city.
Global investors who want to enjoy
the attractive rates of New Zealand without exposing themselves to exchange
rate risk now have a further option: our easy to open Vivier & Co deposit accounts.
About the Author
Luigi
Wewege is the founder of Vivier Group & CEO of its Auckland
based financial services arm Vivier & Co. He is also the Managing
Director of its sister companies Vivier Investments, Vivier Developments, Vivier Home Loans and Vivier Mortgages.
Vivier & Co
Vivier and Company Limited (‘VCL’) is
incorporated and registered as a Financial Service Provider in New Zealand
under registration number: 1130618. VCL is a member of Financial Services
Complaints Limited a New Zealand Government approved Dispute Resolution Scheme
and maintains an Insurance Policy with Standard and Poor's A+ rated insurers,
providing a NZD2,000,000 indemnity on any one claim/loss in the aggregate.
For
further details, please contact
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