New Zealand sovereign wealth fund warns of lower returns ahead

New Zealand sovereign wealth fund warns of lower returns ahead

Auckland, New Zealand. Photo by Kirsten Drew on Unsplash

New Zealand Superannuation Fund, the country’s NZ$44 billion ($28 billion) sovereign wealth fund, said on Tuesday it anticipates lower returns – “possibly lower than its long-term average” – over the next few years in view of the current market environment.

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