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

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025