Follow the podcast on
Continued volatility in the financial markets is being seen as the new normal.
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 told Mike Hosking 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.
“There's quite a bit of fear driving markets at the moment and investors are taking note of the daily news flow, which investors are trying to incorporate as well."
LISTEN ABOVE
Take your Radio, Podcasts and Music with you