Money show brings investing out into the open

Press, 20 February 1986, Page 31

Money show brings investing out into the open

Merchant bankers, investment consultants and stock brokers have come out from behind their desks. With the deregulation of the economy and freeing up of transactions, about the only thing left to do was to market money itself. They are now able to do this, and the benefits of these moves will be seen for the first time by Christchurch people at The Money Show — Investment ’B6 — to be held at the Christchurch Town Hall this Friday and Saturday.

The Money Show, will display the full range of financial services available to prospective investors.

It is the first time that such an exhibition has been staged in Christchurch and sharebrokers, investment planners and other financial consultants will move out of their offices and display their wares in the public spotlight.

investment 'B6 — The Money Show — provides, simply, a shop window for investors.

The president of the New Zealand Stock Exchange, Rex Pearson, said: “Deregulation of the

finacial market is leading to a more stimulating investment environment — with more competition, more advertising, more products, new markets and Initially, to many, a confusing array of investment options.”

Mr Pearson said the show would bring together many of these diverse opportunites and provide a shop window for investors to further their knowledge and understanding of the changes which are taking place. If the New Zealand economy was to regain a strong position, and develop as it should, each and every Investment needed to be a well-in-formed one.

Mr Pearson said that in this widening market, the 200 members of the New Zealand Stock Exchange would be expanding their role as independent investment advisers, in line with the demands that would be placed upon them by the deregulatory process.

The Money Show, therefore, was the start of this process. It would fill an information gap between the adviser and the investor.

The executive director

of the NZ Finance Houses’ Association, Mr Ken Baker said it was imperative that information was available to investors and borrowers alike, so that the market mechanism worked efficiently, and that all participants were able to respond to market signals. He said prices or interest rates were now established as a result of the market mechanism, and not as a consequence of Government whim.

The effect of deregulation was that people could now plan their investment virtually free of Government decree. The choices were numerous — the sharemarket, fixed interest, money market, foreign exchange, futures, commodities, land-based syndicates complete with an endless stream of prospectuses for new issues, venture capital and special partnerships. • Competition among the financial institutions would ensure that a more efficient finance sector would result, he said.

This could only be of real benefit to New Zealanders in the medium to long term.