Mighty River IPO likely to keep managed funds afloat – strategist

An investment strategist is warning New Zealand investors not to expect a repeat of last year’s growth in funds.

But Jonathan Eriksen, of Eriksen and Associates, is expecting the planned Mighty River Power IPO in the first half of the year to help re-energise prospects.

Mr Eriksen’s latest MasterTrust survey result for the year to December 31 paints a positive picture for all three fund types: growth, balanced and conservative.


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