NZ investors watch rocky markets from the sidelines
Little selling pressure from local funds, sources say. Watch the video interview with Christian Hawkesby of Harbour Asset Management analysing the market volatility.
New Zealand fund managers are cashed up and won’t be in sell mode amid increased market volatility here and overseas, market players say.
“They’re all long cash versus benchmark,” says one market source. “There is not a New Zealand fund manager that isn’t running a big cash balance at the
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Tim Hunter
Wed, 07 Feb 2018
Wed, 07 Feb 2018
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NZ investors watch rocky markets from the sidelines
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