US asset manager warns on NZ market's ability to handle Kiwisaver funds

Thu, 08 Sep 2016

By Edwin Mitson Sept. 9 (BusinessDesk) - Global asset manager Russell Investments has warned New Zealand needs to have more companies listed on the stock market and more equity managers who actively manage their portfolios due to the large flow of Kiwisaver funds seeking local returns. Russell, which manages $342 billion in assets around the globe and is based in Seattle in the United States, says Kiwisaver assets amounted to $35.6 billion in June 2016, a figure that it believes will double over the next four years. An active equity...

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