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Risk, return, and beyond: A conceptual analysis of some factors influencing New Zealanders’ investment decisions

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This note presents the data and technical detail underlying a new set of estimates of gross asset returns since 1989 for a wide range of assets relevant to New Zealanders. The estimates have an economy-wide lens. An individual investor is likely to be interested in the realised risk and return they can achieve, as determined by a range of additional factors like taxes or personal circumstances. The analysis presented here is designed to illustrate conceptually the construction of a diversified portfolio and the practical advantage in doing so in a world of considerable uncertainty.

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  • Elizabeth Watson, 2012. "Risk, return, and beyond: A conceptual analysis of some factors influencing New Zealanders’ investment decisions," Reserve Bank of New Zealand Analytical Notes series AN2012/07, Reserve Bank of New Zealand.
    • Handle: RePEc:nzb:nzbans:2012/07
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    1. Harry Markowitz, 1952. "Portfolio Selection," Journal of Finance, American Finance Association, vol. 7(1), pages 77-91, March.
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