Poor superannuation returns in NZ

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NEW ZEALAND - Superannuation funds delivered negative returns for the fourth quarter of 2007, recording a median return of -1.7% for New Zealand investors, according to Mercer's latest survey of fund managers.

However, while the median fund return for 2007 (December year) was 5.7%, the average fund return for the five year period was still a healthy 12.5% per annum. Mercer's Quarterly Survey of New Z...

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