Opinion

The rise and rise of privately managed wealth

David Chaplin
Wed, 09 Jun 2021

The rise and rise of privately managed wealth
More and more of peoples' savings are being managed in low-disclosure private wealth arrangements
David Chaplin
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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