26 Nov 2012

NZ Super Fund returns 0.5% last month

4:23 pm on 26 November 2012

The New Zealand Superannuation Fund returned half a per cent on its investments in October.

The fund, set up to help pay for the cost of Government Super from 2030, has returned 14% over the past 12 months.

It has investments totalling nearly $20.2 billion by the end of October, up from $20.1 billion at the end of September.

Its return in September was 1.9%.