CORRECT: NZ Super Fund posts 15% return in 2015, talks down future expectations

Tue, 15 Sep 2015

(Fixes year earlier return in 2nd graph) By Paul McBeth Sept. 16 (BusinessDesk) - The New Zealand Superannuation Fund generated a return of almost 15 percent in the 2015 financial year, beating its benchmark, but warned the above-average performance won't go on forever. The fund returned 14.6 percent after costs and before tax in the 12 months ended June 30, growing to $29.54 billion, the fund's manager, Guardians of New Zealand Superannuation, said in a statement. That beat its reference portfolio benchmark by 4.45 percent in the year...

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