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

‘We’re incredibly proud’: NZ Funds defends 107% return ad

The FMA yesterday warned fund managers against advertising exceptional annual returns.

NZ Funds changed its advertising following warnings from the Financial Markets Authority about highlighting phenomenal investment returns, but has defended doing so in the first place as an “industry-wide practice” since KiwiSaver began.

The FMA yesterday said it had warned the funds

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Hamish McNicol Thu, 22 Apr 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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‘We’re incredibly proud’: NZ Funds defends 107% return ad
Investment,
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