Super Fund takes covid-19 hit; sees opportunities

Super Fund takes covid-19 hit; sees opportunities
Rebecca Howard
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...

More Economy

Majority of CFOs want Govt policy shift, but don't expect it
Finance

Majority of CFOs want Govt policy shift, but don't expect it

The Mood of the CFO survey shows a “two speed” economy with wildly divergent results.

Dileepa Fonseka 10 Sep 2025
ANZ's NZ operation may escape worst of 'Nuno-geddon'
Finance

ANZ's NZ operation may escape worst of 'Nuno-geddon'

ANZ NZ’s performance might be its potential saving grace.

Andy Macdonald 10 Sep 2025
No big NZ cuts amid 'Nuno-geddon': ANZ NZ
Finance

No big NZ cuts amid 'Nuno-geddon': ANZ NZ

ANZ Group chops thousands of staff, contractors, but no big cuts in NZ. 

Andy Macdonald 09 Sep 2025
The great inflation moderation
Economy

Cameron Bagrie: The great inflation moderation

There is always a cost associated with inflation.

Cameron Bagrie 09 Sep 2025