While a small number of investors and advisers caught up in
the frozen ING funds have vowed to keep fighting, the
deadline for acceptances passed yesterday with a strong
take-up of the settlement offer.
Waning optimism about the global economy's recovery prospects
has started to play havoc with currencies around the world,
with the Japanese yen closing to a five-month high yesterday
against the United States dollar.
The returns reported
yesterday by the New Zealand Superannuation Fund made a
mockery of National's decision to defer contributions to the
fund for a decade, Labour finance spokesman David Cunliffe