Fixed Income Fund Distribution Rate – Update 18 May 2020
The world is experiencing market volatility due to the COVID-19 pandemic. NZ interest rates are falling and the Reserve Bank has lowered the Official Cash Rate to a low of 0.25% per annum. This has affected CPT’s Fixed Income Fund [FIF].
For more information about this and it’s effect, please read this update from Gavin Holley, CPT GM: CPT Update re Fixed Income Funds