NEW ZEALAND - The New Zealand Superannuation fund was up 15.45% in the year ended June 30, the second best yearly performance since its inception in 2003.
The fund is now worth NZ$15.6bn (US$11.5bn). The positive return marks a sharp turnaround from the 2008/2009 fiscal year when the Superannuation fund lost 22.14%, the worst loss in its history. ...
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