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Fund history should reset after reclassification, adviser says

Thursday 6th of August 2020

Milford’s Active Growth Fund reports a five-year return of 9.8% a year and 10-year return of 12.4%.

But adviser Rachelle Bland has taken issue with that because, until the first quarter of 2017, the Milford Active Growth Fund was classified as an Australasian equity fund, with 62.2% in NZ domiciled assets and 21% in Australia.

“Then, in Q2 2017, it was re-classified...

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