Positive Super Fund result despite covid-19

Thu, 10 Sep 2020

Covid-19 walloped global markets but the New Zealand Superannuation Fund managed to post a positive return.“Over the past financial year we have endured a profound and globally far-reaching crisis. It presented a hugely challenging environment that put the fund’s resilience to the test,” chair Catherine Savage said.March alone saw the fund’s value fall 12.27 percent, the second-biggest monthly reduction since it was formed in 2003.While markets recovered sharply after the turbulence in February and March, economic damage...

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World

Miner Anglo American swings to net loss on $1.6b impairment

The mining group said underlying earnings fell 3% to $5 billion.

The Wall Street Journal 2:00pm

Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 11:25am