Is it time to end the Fonterra fund experiment?

Fri, 19 Mar 2021

Investors in the Fonterra Shareholders’ Fund have had a torrid time over the past decade.After the units were first sold at $5.50 in 2012, they climbed as high as $8.09 in March 2013 before the whey protein concentrate recall later that year took the wind out of Fonterra’s sails.After pottering around between $5 and $6 for several years, they slumped to $3.15 in 2019 during the dairy exporter’s existential crisis when a new management and board rejected the strategy devised by the previous board and chief executive,Theo Spieri...

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