Where $200 billion lives now

(Image: Getty)

Wed, 13 Nov 2024

The New Zealand retail funds management market has recovered from a near-death experience about 20 years ago to survive to 2024 in relative good health.However, it took a massive government intervention by the-then Labour administration to resuscitate the floundering funds sector with two key pieces of legislation, respectively establishing the tax-efficient portfolio investment entity rules and KiwiSaver in 2007.Armed with PIEs and schemes, the NZ retail funds market took off in subsequent years to clock a tally as at June 30 this year of $198...

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