Continued volatility in the financial markets is being seen as the new normal
Continued volatility in the financial markets is being seen as the new normal
19 March 2020
New Zealand's Super Fund is down about 10 billion dollars or 22 percent since the start of the year.
Super Fund chief executive Matt Whineray says there's a remarkable level of volatility.
He says we've seen steeper falls than during the Global Financial Crisis and the biggest down day in the S & P 500 on Monday since 1987.
Whineray says there's quite a bit of fear driving markets at the moment and investors are taking note of the daily news flow.
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