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>After a decade of share price underperformance versus the New Zealand market, NZX is approaching an inflection point.</li><li>We forecast EPS to trough in FY23 and annual growth to average in the low double digits over the coming decade, led by the unlocking of operating leverage in Smartshares as it achieves scale, and supported by a rebound in local market activity.</li><li>We are more cautious on the path for Wealth Technologies and await evidence of execution before ascribing any value. </li></ul>

After a decade of share price underperformance versus the New Zealand market, NZX is approaching an inflection point.We forecast EPS to trough in FY23 and annual growth to average in the low double digits over the coming decade, led by the unlocking of operating leverage in Smartshares as it achieves scale, and supported by a rebound in local market activity.We are more cautious on the path for Wealth Technologies and await evidence of execution before ascribing any value. 

NZX

Nzx -Staying the Course at the Bourse