Flow time for funds

David Chaplin
Wed, 30 Dec 2020

David Chaplin
Wed, 30 Dec 2020
The Reserve Bank of New Zealand's managed funds graph for the first three quarters of 2020 resembles a big tick.From the peak at the beginning of the year, the line descends sharply to the March low, bouncing up immediately with just a slight kink downward near June to a new high in the three months ended Sept. 30.The early 2020 dent marks the biggest deviation in the RBNZ chart line, which extends back to September 2004. Even the GFC is less dramatic, graphically speaking, emerging as a smoothish downward curve over a two-year period in th...

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