News

Managed funds boast good returns for the year

Tuesday 20th of April 2004
International equity funds have recorded solid growth of more than 19% in the year to March 31 and actively managed New Zealand share funds are up 22% and their passive counterparts growing a remarkable 28%, research house FundSource says.

Average performance for active New Zealand funds in March was over 4%, which saw New Zealand equity fund managers returning on average 22% for the year.

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