Falling kiwi dollar boosts KiwiSaver fund returns

Fri, 27 Jul 2018

By Pattrick Smellie July 27 (BusinessDesk) - KiwiSaver funds across the board showed an "impressive" returns in the six months to June 30, research firm Morningstar says in its quarterly review of KiwiSaver funds performance and growth, boosted by higher returns from foreign shares and property caused by a 2 percent fall in the value of the New Zealand dollar over that period. "Virtually all asset classes posted positive returns during the quarter, with Australian equities and listed property and infrastructure the place to be," said Morn...

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