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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Market turmoil shakes Super Fund

Posted on 30 September 2011

The New Zealand Superannuation Fund has posted a loss of $1.67 billion in July and August, citing a tough two months on world share markets. The slump follows a golden year for the Super Fund that saw it rise 25 per cent in the year to June to reach a peak of $19.03b.
The fund fell 2.81 per cent in July and 5.04 per cent in August, ending up at $17.36b on August 31 - an overall loss of 7.71 per cent for the financial year to date……………………………………….Full Article: Source

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