ACC predicts future investment revenues will fall on declining returns from equities

Sophie Boot
Tue, 31 Oct 2017

By Sophie Boot Nov. 1 (BusinessDesk) - Accident Compensation Corp's investment team delivered a net 5.7 percent return on assets in the 2017 financial year, outperforming its benchmark for the 22nd year, but warned its returns may fall behind increasing claims. The investment portfolio grew to $36.63 billion as at June 30 from $34.67 billion a year earlier, generating revenue of $2.05 billion in the 12 month period, ACC said in its annual report. Investment revenue was ahead of the $1.46 billion that the state-owned workplace insurer budg...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
BARRY COATES: Inside the Black Box
Barry Coates | Sun, 27 Sep 2020

Ethical investment holds more surprises than many would expect.

Election 2020 Dear minister
MATTHEW NOLAN: Resources and red tape; the plant industry's election wishlist
Matthew Nolan | Sun, 27 Sep 2020

Many Kiwis give little thought to the plant industry. But we all benefit from it.

Opinion
JEHAN CASINADER: NZ is better for 'special entry' medical students
Jehan Casinader | Sat, 26 Sep 2020

The good reasons why the highest grades should not be the only route to medical school

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.