
Investments
Funds flow turns positive
Wednesday 22nd of October 2003
The New Zealand retail managed funds industry recorded positive net funds flow (NFF) of $118.6 million for the quarter ended September 2003, the first positive quarter since March 2002. This is a significant improvement in funds flow after five consecutive quarters of outflows, the most recent being negative $2.5 million recorded in the June quarter.
The quarter’s inflow was largely attribu...
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