23.01.2013 - New Zealand Super on track after strong 2012
The New Zealand Superannuation fund is ahead of its long-term target after notching up strong returns in 2012, the latest data show. Since the fund's launch in September 2003 it has returned 7.92%, exceeding the 90-day Treasury Bill rate by 2.84%. The Fund's long-term performance target is to beat the Treasury Bill rate by at least 2.5%. The New Zealand Superannuation fund returned 19.17% for the 12 months to 31 December 2012 and finished the year at a record high for the month-end of $20.92 billion, up from $17.73 billion at the end of 2011..............................................Full Article: Source
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