Investments

Booming property funds hit a bump

Tuesday 24th of August 1999
Like moths to a lamp, investors in New Zealand have been flocking to syndicated property funds. The double digit returns offered by many of these investments are the equivalent of an outside light left on overnight.

However, many of the investors, like the moths, have been burnt by the bright attraction. In the hard light of day the survivors have fled the scene while the scorched remains o...

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