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Motley Fool Global Gains / GGV: Australia - NZ, Oceania


Subject:  New Zealand stocks defy global downturn Date:  11/7/2011  10:10 AM
Author:  Starrob Number:  183 of 195

"AUCKLAND, New Zealand (MarketWatch) — For a country known for its natural beauty, New Zealand’s share market is surprisingly plain. But a weighting to utilities and consumer staples has helped the modest NZX50 index outperform the rest of the world this year.

“When the global market hits the skids, New Zealand performs better than the rest,” said Bernard Doyle, executive director at JBWere New Zealand. "

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