10 Aug 2011

NZ investors holding their nerve

5:46 am on 10 August 2011

New Zealand investors appear to be holding their nerve amid the financial crisis.

Among them is the biggest investor, the $19 billion New Zealand Superannuation Fund, sometimes called the Cullen Fund.

It invests in world sharemarkets regardless of volatility and is maintaining this policy during the current crisis.

The Shareholders Association, representing smaller investors, takes the same view, saying there are bargains as well as losses during troubled times.

Turnover on the New Zealand sharemarket was $116 million on Tuesday.