The New Zealand Superannuation Fund jumped in value in H2 2023, ending the year with assets of NZ$ 69.66 billion. The pre-tax return for 2023 was slightly over 16%. The treasury-based benchmark was only 5%. Paula Steed, Acting CEO of Super Fund said: “The value we create over and above the return on government debt…
The New Zealand Superannuation Fund has made up for previous losses with a 16.03 per cent return in 2023, taking its worth to almost $70 billion. A recovery.
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Several major superannuation funds such as UniSuper, Aware Super, and Equip Super continue to invest in global weapons companies despite growing concerns among members, particularly as the Israel-Hamas war escalates.