NZ Super Fund returns nearly 20 percent in 2012

Tue, 22 Jan 2013

Jan 22 (BusinessDesk) - Investment returns from the New Zealand Superannuation Fund, the country's main savings vehicle to fund public pension entitlements, came in at 19.17 percent in the 12 months to Dec. 31, the fund's guardians report. The monthly update shows the Fund finished the year at a record high value of $20.92 billion, up from $17.73 billion at the end of 2011, of which $3.49 billion is invested in a range of New Zealand assets including publicly listed shares, forests, farmland, commercial property and private companies. Since i...

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