The rise and rise of privately managed wealth

More and more of peoples' savings are being managed in low-disclosure private wealth arrangements

Wed, 09 Jun 2021

New Reserve Bank of New Zealand data has confirmed the obvious: life is getting riskier for investors.The RBNZ quarterly survey of the local managed funds sector found share investments tipped above $110 billion at the end of March to a “record high”, or about half of the total $237b market size at the time.Just 12 months previously, the equities exposure captured in the survey measured about $70b, almost on par with the-then $60b held in long term bonds. Since last March, bonds and every other managed fund investment category...

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