
KiwiSaver
Our money, their gamble, our loss
Thursday 14th of August 2003
The Greens are labelling as “crazy” the decision to risk more than half of the New Zealand Superannuation Fund on offshore stockmarkets.The Guardians have announced that 78% of the Cullen fund - which is projected to grow to $100 billion in the next 25 years - will be invested offshore, and two-thirds of that will be placed in overseas shares.
“Overseas sharemarkets have proved a graveyar...
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