Bonds, credit and property: A new frontier for conservative KiwiSavers

Tue, 06 Oct 2020

Conservative KiwiSaver funds are getting pushed into investing in corporate bonds, private credit and direct property purchases as interest rates on the cusp of turning negative force fund managers to either accept negative returns or inject more risk into their clients' portfolios. AMP — the country's second largest default fund provider — had already been shifting cash mainly into corporate bonds or utility-style stocks for more than a year in response to negative European and Japanese bond yields. “In gene...

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