
BNZ finds value in its Templeton relationship
Like any lasting marriage there have been tense moments during the relationship. With these two it was back in 1999-2000 when the markets had a huge growth phase on the back of the tech boom.
While Templeton was still making money, its performance was 10-15 points behind the index. BNZ, at the time seriously considered sacking Templeton, or at t...