ACC's 14.5% investment return beats benchmark as NZ, global bonds and equities outperform

Jonathan Underhill
Wed, 07 Oct 2015

By Jonathan Underhill Oct. 7 (BusinessDesk) - Accident Compensation Corp continued a two-decade run of beating benchmarks with its investment returns, as the the state-owned accident insurer squeezed more profit from its holdings of New Zealand and global bonds and stocks. The return from ACC's $31.4 billion reserves portfolio was 14.5 percent in the 12 months ended June 30, compared to a benchmark of 13.9 percent. The portfolio grew from $27 billion a year earlier, mainly reflecting investment returns. The corporation's net surplus was $...

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