NZ Super Fund posts 20.7% annual return as shares rally, cautions on outlook

Wed, 27 Sep 2017

By Rebecca Howard Sept. 28 (BusinessDesk) - The New Zealand Superannuation Fund delivered a sharply higher annual return after a sustained rally in global equity markets but chief executive Adrian Orr is more cautious about the future. The fund reported a 20.7 percent return after costs and before tax for the year ended June 30 versus a 1.89 percent return it reported in the prior year. The Super Fund, set up to help pre-fund national superannuation payments from 2032, finished the June year valued at $35.37 billion, up $5 billion on the...

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