New Zealand Super gains 2.7% in October

clock

NEW ZEALAND - The New Zealand Superannuation Fund posted its third straight monthly gain in October, growing by 2.7% thanks to strong rallies in global equities and fixed income markets.

The NZ$17.66bn ($13bn) "Cullen Fund", named after its architect Labour Finance Minister Michael Cullen, gained NZ$454.9m over the month. As of October, the fund held 8% in infrastructure with Au...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on New Zealand

NZ Super down by 11%

NEW ZEALAND - The New Zealand Superannuation fund has returned -11% for the third quarter of 2011.

clock 02 November 2011 •

New Zealand Super up 25% in year to June

NEW ZEALAND - The New Zealand Superannuation Fund rose by 25% in the year to June to hit a new high of NZ$19.03bn ($14bn), its annual report shows.

clock 05 October 2011 •

New Zealand Super returns 25.05% in past year

NEW ZEALAND - The New Zealand Superannuation fund has returned 25.05% for its fiscal year ending June 2011.

clock 01 September 2011 •
Trustpilot