Positive Super Fund result despite covid-19

Positive Super Fund result despite covid-19
Staff reporters
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...