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FDR intl bond funds a better option: Tower
Friday 9th of January 2009
The funds involved are the wholesale TOWER International Bond Fund (Fair Dividend Rate) and the retail TOWER BondPlus Fund.
Both funds are PIEs and their international investments are hedged to the New Zealand dollar.
“The change to our international bond funds offers investors access to the FDR regime, which brings some benefits relative to New Zealand fixed interest and non-FDR...
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