
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.
Australasian Equi...
Overseas equities gross returns *
12 Months ended 31 December 2002
Best performance -26.9%
Worst Performance -34.7%
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