Bonds buoy funds globally
New Zealand pension funds were the best performing in the OECD last year, with an average of 10.3 per cent, followed by Chile, Finland, Canada and Poland, with 2.7 per cent the average across all countries.
New Zealand pension funds were the best performing in the OECD last year, with an average of 10.3 per cent, followed by Chile, Finland, Canada and Poland, with 2.7 per cent the average across all countries.
Bonds have been the saviour for institutional investors in the global recovery, but a new bout of risk-aversion induced by concerns about sovereign risk threatens the stability of the traditionally defensive assets.
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