Japanese investor interest in NZ plumps up Nikko funds

Tue, 02 Dec 2014

By Paul McBeth Dec. 2 (BusinessDesk) - Nikko Asset Management New Zealand, the local subsidiary of the Japanese investment firm, said funds under management topped $4 billion for the first time as the country's relatively high yields on offer in a low-interest-rate world attracted foreign investors. The local fund manager has increased its assets under management by 14 percent in the past 12 months, aided by the lure of New Zealand's high interest rates relative to the rest of the world, it said in a statement. Nikko has targeted Japanese...

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