News

First NZ Capital taps demand for yield with new PIE fund

Monday 11th of May 2009

The First NZ Capital NZ Bond Fund has grown 1.5% to $18.1 million since it was first invested two months. The average credit rating on securities in the fund will be A-, said chief operating officer Jody Kaye.

"This will be the flagship" fund, Kaye said. It is targeted at clients and advisers looking to invest in a diverse range of quality fixed interest securities.

Investors have...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.