11 Mar 2020

Global market volatility hits KiwiSaver funds

From Morning Report, 8:18 am on 11 March 2020

Global market volatility has hurt investments worldwide and resulted in shocks for many KiwiSaver investors.

For those looking at their savings online yesterday, there were some big drops in value.

It comes after global stockmarkets plunged due to the impacts of Covid-19 and a dip in oil prices, but markets are now showing signs of a bounce-back.

Sam Stubbs is managing director of KiwiSaver fund manager Simplicity and speaks to Corin Dann.