At the same time that David Cunliffe is busily explaining his donation laundering scheme to an incredulous media, perhaps he’d like to explain why he doesn’t back Kiwi companies for his Kiwisaver account.
I wonder if the “optics” of Cunners using a big US firm to invest his taxpayer funded Kiwisaver subsidies (taking profits back to America etc) is damaging, especially when he could be using a NZ based Kiwisaver like Gareth Morgan, Milford, or Fisher Funds.
Maybe the man from Boston Consulting just can’t bear to not use his big American buddies…
It would be funny if Mercer Kiwisaver had investments in Skycity as well.
Oh wait while I just laugh.
2.75% of the Kiwisaver fund is SkyCity – number 7 in size.