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 $...
Primary Sector
$25m for Milford tunnel as Southland gets pre-election funding
Brent Melville | Thu, 16 Jul 2020

The Homer Tunnel, a transport lifeline into and out of Milford Sound, Fiordland, will receive a $25 million upgrade as part of a swathe of pre-election government investment into Southland that also i...

Economy
Cheaper petrol, accommodation through lockdown tames inflation
Paul McBeth | Thu, 16 Jul 2020

Cheaper petrol and accommodation slowed the annual pace of inflation through the covid-19 lockdown, more than offsetting price spikes in other consumer goods. The consumers price index shrank 0.5 p...

Retail
Delegat profits up 37%
Victoria Young | Thu, 16 Jul 2020

Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 percent to $64.1 million, the company reported. The figure includes fair value movements in its vines and deriv...