Originally Posted by
Beagle
My brother phoned me up on the weekend and asked whether he should transfer his Kiwisaver from its current growth fund to a conservative fund. He's approaching retirement so I suggested that was a good proactive step to take.
I got to thinking this morning, how many tens of billions are invested in Kiwisaver funds and what is the impact if lots of other people are thinking the same ?
Many Kiwisaver providers funds may have to liquidate growth shares on the NZX regardless of price and it will flow into bonds and cash. Effect on the NZX ? Hmmm