Fortunately, the Global Credit Crunch had relatively little effect on the New Zealand banking sector. A striking contributory cause was the health of the New Zealand financial market, due largely to the quality of its lending sector. In New Zealand, this has faced much sterner regulation and control than had, regrettably, become the norm in many other OECD countries during the property boom years of 2002-2007.
Another huge attraction today, when considering safety for global investors, is New Zealand’s secure social and political environment, which has very largely stayed constant throughout the past 150 years. Politically, both of the two main political parties neatly reflect the populace, in that they are just a smidgen to the left or right of centre, which is pretty much how New Zealand sees itself. This is not a country that encourages or in fact tolerates extremists.
New Zealand is also considered one of the most honest and least corrupt places in which to do business; this is a well-deserved reputation, of which New Zealand is passionately protective. All in all, there are few places that could be considered a better place in which to invest your funds.
For these reasons, since the 1990s, New Zealand has increasingly found itself a destination of choice for global investors. They have been well rewarded for their faith, particularly those from Japan and China, who have flocked to place their household savings into NZ currency issues, reaping an interest rate well above the domestic offering. Chinese investors have also been buying huge tracts of good NZ farmland as well as residential homes in Auckland, New Zealand’s largest city.
Global investors who want to enjoy the attractive rates of New Zealand without exposing themselves to exchange rate risk now have a further option: our easy to open Vivier & Co deposit accounts.
Luigi Wewege
Founder and CEO
Vivier & Co, New Zealand
Vivier & Co
Vivier and Company Limited (‘VCL’) is incorporated and registered as a Financial Service Provider (‘FSP’) in New Zealand, whose Financial Markets Authority supervises all FSPs. Additionally, VCL belongs to a Government approved Dispute Resolution Scheme. VCL maintains a Bankers Blanket Bond with Standard and Poor’s A+ rated insurers, providing a NZD 5,000,000 indemnity on any one claim/loss in the aggregate.
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