Super fund posts 0.41% return in March

The New Zealand Superannuation Fund made an 0.41% return in March.

This took the year to date return to 23.04% and the return since inception to 7.87%.

The fund had $18.82 billion in it at March 31.

Currently 61.2% of the fund is invested in global equities and 11.3% in international fixed income markets.

The fund is intended to be a long term investment vehicle to help meet the future costs of New Zealand superannuation. It is separate to Kiwisaver.

The fund made a 3% return in March, which it attributed to a rally in global equity markets.

NZPA

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