19.12.2013 - NZ Super Fund continues to grow - value lifts to $25bln
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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