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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

NZ Super Fund continues to grow - value lifts to $25bln

Posted on 19 December 2013

The New Zealand Superannuation Fund returned 27.76% on its investments in the last 12 months to lift its value to nearly $25 billion at the end of November. Since inception in 2003, the fund has returned 9.55% a year and in November returned 1.66%.
The fund, set up by former finance minister Sir Michael Cullen and also know as the ”Cullen fund”, was established to pre-fund New Zealand’s superannuation requirements………………………………………..Full Article: Source


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