Fund Category: Milford KiwiSaver Plan
Month in a minute: August 2022
Mark Riggall, 06 Sep 2022
August was a volatile month with global share prices moving sharply higher, and then lower as the month progressed. As we wrote last month, we were sceptical of the recent strength in share markets and have maintained a cautious position in our funds, reducing exposure even further during August. For this reason, monthly fund returns are only modestly negative despite significantly weaker share and bond markets.