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Thread: Low yields.

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  1. #1
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    Jul 2020
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    NEW ZEALAND
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    "How is this for a revelation on NZB. I thought it was the 'NZ Bond Fund', but apparently the official name is the 'NZ cash fund'."

    Could it be a mistake? There is also an NZ Cash Fund ETF NZC listed.

    Luckily there is no company whose performance will be affected either way by my understanding or lack thereof.

  2. #2
    On the doghouse
    Join Date
    Jun 2004
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    , , New Zealand.
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    9,418

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    Quote Originally Posted by Nor View Post
    "How is this for a revelation on NZB. I thought it was the 'NZ Bond Fund', but apparently the official name is the 'NZ cash fund'."

    Could it be a mistake? There is also an NZ Cash Fund ETF NZC listed.
    Looks like you are right Nor
    https://www.nzx.com/companies/NZC/analysis

    The description for the NZC fund exactly matches that of the NZB fund. It looks like somebody has just taken the NZC information and copied and pasted it under the NZB header. If I was the owner of that NZB fund, I would be furious to have my fund misrepresented like that. I might even think about suing for gross misrepresentation and resultant loss of business, So who is the owner of that Smartshares NZB fund anyway? Oh wait, it is the NZX itself!!! Gross professional incompetence?

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