ACC unhappy with 2018 investment returns

Thu, 25 Oct 2018

By Paul McBeth Oct. 26 (BusinessDesk) - Accident Compensation Corp was disappointed with a 9.9 percent investment return in the June 2018 year, caused in part by its early decision to pare back its exposure to global equity markets. The state-owned compulsory workplace insurer's investment team technically outperformed their benchmarks by 0.01 percent in the 12 months ended June 30, with investment earnings of $3.57 billion on its $39.64 billion portfolio. However, the return was 0.1 percent below ACC's benchmark after adjusting for $28...

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