Super Fund takes covid-19 hit; sees opportunities

Wed, 04 Mar 2020

The NZ Superannuation Fund is taking advantage of covid-19 market volatility to add global equities but also said the crisis had knocked about $2.11 billion, or 4.5 percent, off its value since the end of last year.Catherine Savage, chair of the Guardians of NZ Superannuation, told Parliament’s finance and expenditure select committee meeting that unaudited 2019 calendar year results – before tax and after costs – showed a 21.13 percent return and put the fund at about $47 billion as at Dec. 31. The Guardians of NZ Superannuation is the e...

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