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Market woes wipe $1b from managed funds

Global economic wobbles and the share market downturn has wiped more than a billion dollars from the New Zealand fund management industry in the latest quarter.New figures from NZX-owned research house FundSource show total funds under management in the J

Niko Kloeten
Tue, 10 Aug 2010

Global economic wobbles and the share market downturn has wiped more than a billion dollars from the New Zealand fund management industry in the latest quarter.

New figures from NZX-owned research house FundSource show total funds under management in the June quarter were $53.4 billion.

Although this

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Niko Kloeten
Tue, 10 Aug 2010
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Market woes wipe $1b from managed funds
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