Sharechat Logo

Super Fund earns $340m in April

Tuesday 24th May 2011 3 Comments

Text too small?

The $19 billion New Zealand Superannuation Fund returned 1.82%, or $340 million, for the month of April on the back of gains from equity investments, it said today.

The country's retirement nest egg has recorded a return of 25.28% for the full year to April, to be worth $19.15 billion. Sixty percent of the fund, or $11.5 billion is in global equities.

 

NZPA



  General Finance Advertising    

Comments from our readers

On 24 May 2011 at 7:54 pm mal said:
What a great result! A real pity Bill stopped adding to the fund 2 years ago when global equities were at rock bottom. It seems the Super fund and ACC investments are keeping this govt afloat.
On 25 May 2011 at 8:47 am Charles Digby said:
Pity the Government had cancelled their contribution.
On 25 May 2011 at 10:11 am walgert said:
Pity?? STUPIDITY !!
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.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report