NZ Super Fund Gets Positive Result Despite COVID-19 Headwinds
Posted on 09/10/2020
The NZ Super Fund generated a 1.73% return for the year ended June 30, 2020 and stood at NZ$ 44.8 billion in assets after costs and before NZ tax. This financial result is unaudited. The NZ Super Fund has no substantial withdrawals until the 2050s and has a heavy weight toward equities.
“Over the past financial year we have endured a profound and globally far-reaching crisis. It presented a hugely challenging environment that put the Fund’s resilience to the test,” says NZ Super Fund Chair Catherine Savage in a press release.
Keywords: New Zealand Superannuation Fund.
