Chasing best practice key to NZ Super Fund’s success

Matt Whineray has been at the super fund for more than 15 years. (Image: NZ Super Fund)

Wed, 13 Sep 2023

The New Zealand Superannuation Fund bounced back in the latest financial year and is still tracking ahead of its reference portfolio, adding about $15.1 billion of value above and beyond what a passive approach would have delivered since it was set up.The fund’s latest result shows a pre-tax return after costs of 11.87% in the year ended June 30, bouncing back from the sharp sell-off in bonds and equities in the prior year. That lagged behind the 12.03% return from its reference portfolio for the year.However, since its inception in 2003,...

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