If that's the case then the reallocation of capital could have a quick and quite dramatic impact on share prices like we saw in the final 15 minute closing price match process yesterday afternoon and the implications for shares the Fisher fund invest in could be material as they'd be forced to liquidate a portion of their shares.
Interesting times. I am staying well clear of any of Fisher funds investments in the near term because the simple truth is its harder to make headway when the Kiwisaver tide has turned.
Found this. 5 Kiwisaver funds have lost their default status so that's a lot of new money heading to Simplicity and Smartshares and it would seem people are transferred over to a balanced fund with new providers automatically. Gosh the funds flow involved here could be HUGE !!
https://www.depositrates.co.nz/news/...nes-added.html