Tuesday 8th February 2011 |
Text too small? |
The New Zealand Super Fund posted an improved 4.4% return in December, thanks to gains in world sharemarkets.
The fund, which is currently not receiving contributions from the Government, has grown to be worth $18.2 billion, including pre-tax returns so far for the 2010/11 financial year of $2.68 billion, or 17%.
The fund posted a loss of 0.38% in November.
The fund has posted annualised returns of 7.4% since its launch in September 2003, ranging from a 22.1% loss in 2008/09 to a 19.2% gain in 2005/06. The fund returned 15.5% last year.
The largest asset classes include global equities, making up 60.1% of the fund's value, international fixed income at 10.3% and infrastructure at 7.9%.
The fund has stakes in 10 listed New Zealand companies, with the largest in Auckland Airport - 1.6% of the fund's total value - and Fletcher Building - 0.7%.
The fund was created to help fund New Zealand's future superannuation costs.
NZPA
No comments yet
BPG - Blackpearl Acquires US AI Platform to Accelerate Growth
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form