Super Fund makes 1.6pc return

ROMY UDANGA
Last updated 13:14 17/02/2011

Relevant offers

Money

KiwiSavers missing $400m Get the skills to pay the bills Little things add up to big savings Game on for banking disruptors Bothered by direct salespeople? Steel and Tube warns of potential low-ball offer Charities enter dragons' den for funding Face Value: DJ Manchoo Paying for pain at the dentist No excuse not to cook cheap healthy eats

The New Zealand Superannuation Fund was worth $18.47 billion on January 31 after posting a return of 1.61 per cent for that month.

The fund, set up to help pay for state pensions in future years, made a one-month return of $300m after fees mainly due to "modest" gains in its global equity investments.

This brings the total return since inception to 7.55 per cent or $5.16b, from an investment since inception of $14.88b.

The fund's annualised return is 1.8 percentage points higher than the Treasury Bill rate, 0.7 percentage points short of its aspired return of T-bill rate plus 2.5 percentage points.

Last year, a rise in international share markets propelled the Fund to a 4.42 per cent return for December.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content