Thursday 21st January 2010 |
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The New Zealand Superannuation Fund continues to claw its way back from the 22% investment losses reported at the height of the global financial crisis, posting a 17.4% return for the six months to December 31.
The return is calculated on an after fees but before tax basis, and represents a 16.1% excess on returns achievable over the same period from Treasury bills.
The total size of the fund, after taxes, has risen to $15.964 billion, having fallen to $13.353 billion in June 2009, at the end of the 2008/09 financial year when absolute returns were 22.14% down on the previous year.
Businesswire.co.nz
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