- 2020 aggregate offshore ownership in NZ equities increased by 1.6% pts to 39.3% of the float of the S&P/NZX All Index, its highest level since 2006.
- Within the survey, increased representation of companies with relatively higher levels of offshore ownership contributed the most to the total foreign ownership increase, rather than actual increases at an individual company level.
- If we adjust the overall constituent weightings back to 2019 weights, eliminating the impact of changes in market capitalisation, then overall NZ offshore equity ownership would have decreased 0.2% pts to 37.5%.
- KiwiSaver inflows are continuing to drive an increase in managed fund participation.
The investment trend toward the global clean energy thematic has seen Contact and Meridian Energy observe a significant increase in passive ownership.
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