New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Health care / Thematic (Sector/Industry)

<ul><li>Our Montgomerie-Ibbotson (MI) index decreased very slightly in November, down -0.1% versus October 2022 and up +5.1% vs November 2021</li><li>The incremental COVID pricing buffer built up during the house price rally in 2020 and 2021 is now, on average, fully depleted, as New Zealand faces its biggest nominal house price decline for at least 50 years</li><li>The glass half empty approach would be to focus on the depleted buffer, while the glass half full approach focusses on the ability for the aged care operators to hold prices stable in the midst of a sharp housing downturn</li></ul>

Our Montgomerie-Ibbotson (MI) index decreased very slightly in November, down -0.1% versus October 2022 and up +5.1% vs November 2021The incremental COVID pricing buffer built up during the house price rally in 2020 and 2021 is now, on average, fully depleted, as New Zealand faces its biggest nominal house price decline for at least 50 yearsThe glass half empty approach would be to focus on the depleted buffer, while the glass half full approach focusses on the ability for the aged care operators to hold prices stable in the midst of a sharp housing downturn

Aged Care Sector: Montgomerie-Ibbotson Aged Care Pricing Index (13-Dec-2022)