The Investor 16 November 2004
New share fund doesn’t need the hype. Naughty, naughty, NZX Funds Management! As a subsidiary of the stock exchange, you must know that it’s misleading to quote 12-month returns when selling a share fund. That’s way to short a period to judge any share investment. It’s not surprising, though, that NZX chose to advertise in large letters that an index on which its new FONZ fund is based had a dividend yield of 6.4 per cent in the year ending September, plus share price growth of 18.4 per cent.