Covid-hit NZ Super Fund posts 1.73% return for the year, warns of difficult times

Covid-hit NZ Super Fund posts 1.73% return for the year, warns of difficult times

Auckland, New Zealand. Photo by Dan Freeman on Unsplash

New Zealand Superannuation Fund (NZ Super Fund), the country’s sovereign wealth fund, managed to post a positive return of 1.73 per cent for the year ended June 30, 2020 despite the COVID pandemic. The size of the fund stood at NZ$44.8 billion ($30 billion) at the end of the financial year.

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