Safe on first: cash a hit for NZ investors

(Image: Getty)

Wed, 13 Mar 2024

New Zealand investors played it safe last year, according to the latest central bank-ordained survey of the local fund sector.The new Reserve Bank of NZ (RBNZ) batch of managed fund data shows cash and fixed income played starring roles in portfolios last year, with the proportion invested in both assets rising more than 20% over 2023.Short- and long-term bond investments were up 25.3% and 21.2%, respectively, during the 12 months to close at $14.7 billion and $73.1b.“Cash increased by 6.8% quarterly from $41.4b to $44.3b and recorded a 2...

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