New listing, same old problem
The investment sector’s fondness for spin over substance is written all over a new NZX-listed fund.
Like Eskimos, whose language is well-structured to convey the nuances of frozen water in different forms, financial types express the element at the centre of their universe in many ways.
Scratching the surface, there is cash bill book bond, gravy divvie gilt-edged funding (sing it) asset-backed
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