News

Guardians defend their allocation

Friday 15th of August 2003
The Guardians of the New Zealand Superannuation Fund have defended their decision to have just 7.5% of its funds invested in the local sharemarket and to invest in Government bonds. While people like New Zealand Exchange chief executive Mark Weldon have argued that the fund should have 30% of its money in the local sharemarket, chairman of the Guardians board, David May, says that is not feasible...
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