Hedging strategy gives some KiwiSaver funds a boost
Who fared best in the June quarter?
Calida Smylie Tue, 28 Jul 2015
KiwiSaver growth funds with unhedged exposure to Australian and international equities performed the best over the quarter after benefiting from the falling kiwi dollar.
The New Zealand dollar depreciated 8.1% against the US dollar, 12.1% against the euro, 13.4% against the pound and 9% against