ACC's investment team deliver 10.2% return in 2016 as NZ stocks, property outperform

Tue, 04 Oct 2016

By Paul McBeth Oct. 4 (BusinessDesk) - Accident Compensation Corp's investment team delivered a net 10.2 percent return on assets in the 2016 financial year, outperforming its benchmark for a 21st year and helping offset the impact low-interest rates had on increasing the theoretical cost of future claims. The investment portfolio grew to $34.67 billion as at June 30 from $32.38 billion a year earlier, generating revenue of $3.21 billion in the 12 month period, ACC said in its annual report. Investment revenue was more than twice what th...

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