Wikus4Advice
When it comes to Insurance, Wikus Erasmus has one simple passion : “Positively impact any and everybody I come into contact with!”
Since 2003, his goal was to give people the same great experience he had when his own adviser helped him with his insurance the first time around. He brings an unrivalled excitement to the table when dealing with Insurance, KiwiSaver and ACC Levies for the Self-Employ
06/02/2025
So the construction industry in New Zealand has been one of the hardest-hit sectors during the economic downturn. Residential building consents have fallen by -34% from their peak, driven by:
O - High interest rates
O - Declining house prices
This slowdown has significantly impacted companies like Fletcher Building, which is heavily exposed to residential construction. Since 2022:
>> Fletcher Building’s earnings (before significant items) have declined by -60%.
>> Its stock has underperformed the wider NZ share market by -45%.
In response, some KiwiSaver portfolios reduced their exposure to Fletcher Building early on, helping to manage risks and provide more stability to their multisector funds.
It’s a reminder of how important it is to actively manage risks in a changing economic environment.
Disclaimer: These insights are gathered from third-party market update newsletters and are not my personal views.
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