Fonterra fund's sluggish performance

Changes are afoot for Fonterra's Shareholder Fund.

Mon, 10 May 2021

Days appear to be numbered for Fonterra's Shareholder Fund, certainly in its current incarnation.The dairy giant is consulting with farmers over changes that could see the size of the fund capped or see it wound up completely.Outside investors may not lose too much sleep if either of these changes come to pass.The fund has not exactly set the market alight since its inception in 2012.After an initial burst which saw the value of units in the fund peak at $8.09 in March 2013, performance has been less than stellar.The price took a hit follow...

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