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Monday 28th of April 2008
AXA New Zealand says KiwiSaver funds are making up the bulk of its retail wealth management inflows at present.Chief executive Ralph Stewart says retail wealth management inflows were $197 million for the March quarter, while net retail flows are negative $47.6m. Total funds under management at the end of the quarter were $8.7 billion.
Gross inflows have come largely from existing savers...
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