NEW ZEALAND - The national Superannuation Fund experienced its worst monthly performance of the fiscal year in November 2007, with a negative -3.52% return.
The fund stood at NZ$13.67bn (US$10.8) at 30 November 2007, having fallen by $329m that month. In the fund's 2007 annual report, Adrian Orr, CEO, said the management would carry out "an overall ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
