More scope for KiwiSaver private investment, despite IMF's Aussie concerns

Mercer NZ chief investment officer Padraig Brown. (Image: Mercer)

Tue, 03 Dec 2024

Fund manager Mercer says New Zealand KiwiSaver managers shouldn’t shy away from more investment in private assets despite the International Monetary Fund’s unease over illiquidity in Australian pension funds.The International Monetary Fund’s (IMF) most recent biannual Global Financial Stability Report, released in October, highlighted Australian superannuation funds.Underlying the IMF's concern is the legal requirement to allow Australian pension fund customers to switch between investment options within three working days...

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