The New Zealand Superannuation Fund has contracted, losing 1% in August, due to plunging equity markets last month.
The fund, which will be used to partially meet the country's growing retirement bill, stands at $19 billion.
The New Zealand Superannuation Fund has contracted, losing 1% in August, due to plunging equity markets last month.
The fund, which will be used to partially meet the country's growing retirement bill, stands at $19 billion.