Super Fund earns $340m in April

Tuesday 24th May 2011 3 Comments

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

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 !!