News

Australian-invested funds underperform

Wednesday 2nd of November 2011

Morningstar's annual Sector Wrap shows New Zealand fund managers who invested significantly in the Aussie sharemarket did worse in the past year than those who invested more in local shares.

Only three of the 16 New Zealand and Australasian equity strategies assessed managed to outperform the NZX50 Index over the year to September 30 and none of these had significant Australian exposure....

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.