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Investors may find that Winston Peters and NZ First turn out to be a positive for the share market, according to financial advisors Hobson Wealth Partners.
The firm’s investment strategist Ed Glennie says Peters’ proposal to raise the minimum wage could be offset by his plan to cut the red tape around business and push for lower corporate tax.
He says NZ First’s focus on lifting exports could be beneficial for listed companies like the Port of Tauranga.
Glennie also suggested that investors might want to look more closely at investing in international markets.
He says the New Zealand market has had a very good run over the last 12 months and there is an opportunity for investors to put some of those gains offshore and then benefit from a likely fall in the New Zealand dollar.
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