News

Fund flow weak

Friday 1st of August 2008
FundSource says that overall net fund outflows were more than double the previous quarter sitting at -$391.5 million.

KiwiSaver funds continue to be the only area to buck this trend, with an overall positive fund flow of $311.2 million.

Overall net funds under management has seen a significant decline in the June quarter, dropping from $18,850.7 million at March 31 to $16,917.4 million.

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