Cullen Fund continues to bounce back

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

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:

December 24th Morning Report
Spark NZ announces new receivables financing structure
December 22nd Morning Report
TRU - Commercial Opportunities for Western Europe and Middle East
GEN - General Capital Subsidiary Credit Rating Update
Fonterra updates 2025/26 season Farmgate Milk Price
FRW - Acquisition of VT Freight Express
PaySauce Opens $1m Share Purchase Plan
December 17th Morning Report
RUA - Successful rights offer is oversubscribed