Opinion

Red, red whine

David Chaplin
Wed, 27 Jul 2022

Red, red whine
Will everyday NZ investors be equally as sanguine after six months of soaking in red? (Image: Getty)
David Chaplin
Wed, 27 Jul 2022
June quarter was a downer. Again.New figures from investment consultancy firm, Melville Jessup Weaver (MJW), show every KiwiSaver fund covered in its survey was in the red for the three months to the end of June – repeating the March quarter experience but almost twice as badly for those in growth funds.The median KiwiSaver growth fund in the MJW report fell -9.3% in the June quarter compared to -5.7% over the first three months of 2022.But in more positive news for those complaining about conservative funds earlier this year, defensive a...

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