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NZ Funds go for value
Thursday 30th of April 1998
New Zealand Funds Management has changed the focus of its global blue chip fund because many of the world’s equity markets are considered fully priced.It has recently shifted the $40 million fund’s investment style from passive to a value based one.
As a consequence Barclay Global Investors has been replaced as by Sanford C Bernstein as managers.
The $40 million fund has been...
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