NZ Super Fund return positive result

The New Zealand Super Fund returned 1.61% in January, down from 4.42% in December.

It said the main factor influencing January's return was a "modest gain" in the fund's global equity investments.

For the financial year to date, it returned 18.96%, while its annualised return since inception is 7.55%. The fund has $18.47 billion invested.

The fund's largest holdings include Auckland International Airport, Fletcher Building, Contact Energy and Telecom.

The Superfund was set up to pre-fund the future cost of New Zealand superannuation by investing government contributions and returns on the contributions for the long term.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 06 May 2024
EROAD FY24 Results and Webinar Details
thl reduces FY24 NPAT guidance
May 6th Morning Report
Spark New Zealand appoints new director to the Spark Board
AFT to announce full year results on May 23 2024
CRP - Korella North Takes Another Two Steps Forward
May 3rd Morning Report
ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change