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

Equity Bottom-Up

<ul><li>NZX continues to perform admirably in the face of a soggy market backdrop, with the diverse nature of its revenue streams again showing its value during 1H23.</li><li>While the result reflected the soft operating metrics, the company is positioning itself well for an eventual return to a more normal market environment.</li><li>We view the next 18 months as an important and potentially catalyst rich period for NZX as it works to realise synergies from the two recent Smartshares acquisitions, and deliver on ambitious targets in the Wealth Technologies division. </li></ul>

NZX continues to perform admirably in the face of a soggy market backdrop, with the diverse nature of its revenue streams again showing its value during 1H23.While the result reflected the soft operating metrics, the company is positioning itself well for an eventual return to a more normal market environment.We view the next 18 months as an important and potentially catalyst rich period for NZX as it works to realise synergies from the two recent Smartshares acquisitions, and deliver on ambitious targets in the Wealth Technologies division. 

Nzx -1H23 Result — The Wealth Effect Is Key