7 Jul 2011

Strong returns by Crown investments

6:47 am on 7 July 2011

The Treasury's first report on Crown Financial Institutions shows they made strong returns in the nine months to the end of March, largely because of the performance of global stockmarkets.

The five institutions include the NZ Superannuation Fund, ACC and the Earthquake Commission.

The report shows they had investments worth more than $43 billion on behalf of the Crown.

ACC investment funds exceeded their benchmark by 1.5% per year over the five year period, making it the best performing of the Crown Financial Institutions.