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.

Despite the NZ$3.4bn rise, the fund has lost NZ$1.67bn since June due to the ongoing volatility in global equity markets. The fund has been largely hedged to the New Zealand dollar although chairman...

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