Global uncertainty is continuing to affect KiwiSaver balances
Global uncertainty is continuing to affect KiwiSaver balances
11 August 2022
New figures from investment research firm Morningstar suggest about five billion dollars has been wiped from the value of funds over the past three months.
Growth and aggressive funds have been hit particularly hard.
Financial writer Martin Hawes says several factors are at play.
He says the war in Ukraine, rising interest rates and the pandemic are playing a part.
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