Weekly Wrap: Everyone needs growth assets
The two stories are FundSource's August managed fund
review
which shows there have been some fantastic returns from
equities
both in New Zealand and offshore, and the Government
Superannuation
Fund result.
Double-digit returns from well-structured portfolios
are possible.
If you don't believe me see Norman Stacey's quote at
the bottom
of this newsletter
Active
management pays: FundSource
Actively managed New Zealand share funds performed well
in
August, as did international funds. [more]
GSF
achieves 11.83% return
The Government Superannuation Fund achieved a pre-tax
return
of 11.83% for the year ending 30 June 2005. [more]
Despite growth assets delivering there is still plenty
of
news in the fixed interest/income area.
ING
launches another fixed income fund
ING is launching a new fund aimed at older investors
who want
a regular income. [more]
 |
Thinking
about finance companies One of the hot topics of the moment is finance companies – and how bad they are supposed to be. But let’s get one thing straight here – not all finance companies are bad.[more]
|
Submissions on tax changes are due in next week. ASFONZ hate what's proposed and FPIA aren't that keen either.
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