Fonterra fund dropped from Craigs NZ portfolio after 'lacklustre' performance

Wed, 11 Jul 2018

By Tina Morrison July 11 (BusinessDesk) - Craigs Investment Partners, one of New Zealand's largest investment advisory firms, has dropped the Fonterra Shareholders' Fund from its New Zealand equities portfolio, saying its performance has been "lacklustre at best". In a strategy note to clients, Craigs research analysts Mohandeep Singh and Roy Davidson said they had removed the Fonterra fund, which gives investors exposure to Fonterra Cooperative Group's earnings, and increased the weightings of milk marketer a2 Milk Co, transport and logi...

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