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International shares hot, local ones not
Wednesday 25th of October 2000
International equity funds were the top-performing New Zealand managed funds over the September 2000 quarter and year, research house Morningstar says.
New Zealand equity funds dominated the poorest performers, particularly market-tracking index funds such as AMP's Tracker and those offered by BNZ, WestpacTrust and ASB Bank, reflecting the relatively poor returns available from the New Zea...
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