Funds dazzle with returns over 20pc
The past 12 months have seen a return to better times for New Zealanders with money invested in managed funds.
Tuesday, April 20th 2004, 1:20AM
by The Landlord
Numbers released today by research company FundSource show positive returns for every type of managed fund.Leading the way was the continued winning performance of New Zealand shares.
The average passive share fund made a 28.10 per cent return for investors during the 12 months to the end of March, with active share funds returning 22.33 per cent.
Those are huge improvements on the previous 12 month returns of -5.37 per cent for passive and -4.05 per cent for active share funds.
"Things are definitely turning around," said FundSource's Tim Anderson.
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