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

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...

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