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Hedging not such a big issue for NZ managers
Friday 26th of June 2009
Some 42% of New Zealand respondents to the National Australia Bank and BNZ Superannuation FX Survey changed currency benchmarks, compared to 61% of Australian funds. Still, 85% of kiwi funds ranked currency as an important or very important issue.
"In New Zealand - where there is no or limited legislation savings - funds have more of a retail commercial drive when it comes to currency se...
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