Does your Fund Invest in Underlying Managers?
7 September 2015
Just because you know the type of assets your managed fund invests in and the region in which they are domiciled does not necessarily mean it is immediately clear whether the manager you deal with is the one managing your investment. This article will look at what is involved when managers invest in underlying managers rather than holding assets directly. A good illustration of the different ways in which underlying managers can be utilised is in the KiwiSaver industry. Most New Zealand KiwiSave... Read More