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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

New default providers stutter as KiwiSaver balances dive

Negative quarter as funds hit by Covid-19 and Ukraine market jitters.

Total KiwiSaver assets fell to $82.7 billion in the June quarter.

KiwiSaver balances sank again in the June quarter, with markets weighed down by a negative cocktail of slower economic growth, high inflation, Covid-19 and the ongoing war in Ukraine.

Morningstar’s latest quarterly survey to the end of June showed total KiwiSaver assets fell to $82.7 billion,

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Jonathan Mitchell Wed, 10 Aug 2022
Contact the Writer: jmitchell@nbr.co.nz
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New default providers stutter as KiwiSaver balances dive
Investment,
95236
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