NZ Super down by 11%

clock

NEW ZEALAND - The New Zealand Superannuation fund has returned -11% for the third quarter of 2011.

The fund's value declined to NZ$16.6bn ($13.2bn) from the $19.03bn reported at then end of June, the end of the fund's fiscal year. In September alone, the fund was down 3.67% due to the ongoing...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on New Zealand

New Zealand Super up 25% in year to June

NEW ZEALAND - The New Zealand Superannuation Fund rose by 25% in the year to June to hit a new high of NZ$19.03bn ($14bn), its annual report shows.

clock 05 October 2011 •

New Zealand Super returns 25.05% in past year

NEW ZEALAND - The New Zealand Superannuation fund has returned 25.05% for its fiscal year ending June 2011.

clock 01 September 2011 •

New Zealand supports compulsory KiwiSaver membership

NEW ZEALAND - More than half (57%) of New Zealanders believe that KiwiSaver membership should be compulsory, according to research released by the Financial Services Institute of Australasia (Finsia).

clock 18 August 2011 •
Trustpilot