| 30.09.2011 - Market turmoil shakes Super Fund |
| 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 |