From Nzherald.co.nz: The New Zealand Superannuation Fund recorded a 1.97 per cent loss in January, bringing its performance in the first seven months of its financial year to 15 per cent. The fund’s investment income has added $2.12 billion to the $13.53 billion of taxpayer payments since 2003/2004, an equivalent annual return of 5.8 per cent.
These figures represent an estimated 13.5 per cent better return from the fund’s managed investments compared to what would have been a passive investment in Treasury Bills……………………….Full Article: Source