Investments

Do the fund managers know what they are doing?

Friday 11th of April 2003

The calendar year for 2002 was the worst on record for discretionary funds in New Zealand. The average return was –9.3%*

The major problem was shares.
Overseas equities gross returns *
12 Months ended 31 December 2002
Best performance -26.9%
Worst Performance -34.7%

Australasian Equi...

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.