NZ Super Fund ‘within cooee’ of its benchmark
As market volatility continues, the sovereign wealth fund has grown $9.7b on the back of rebounding global equities.
WATCH: NZ Super CEO Matt Whineray speaks with Maria Slade.
The New Zealand Superannuation Fund has delivered an 11.9% pre-tax return for the year to June, due to a strong performance by global share markets in the second half.
The fund’s value increased by $9.7 billion to a record high $65.4b in the year.
Its return did lag that of its Reference Portfolio
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