Super Fund adds $4b

Government contributions resumed in December 2017 after an eight-year suspension.

Chair Catherine Savage said both broad markets and the NZ Super Fund had performed well during the year, with global equities rising in value and the NZ Super Fund beating its Reference Portfolio benchmark.

The fund returned 12.43% (after costs, before NZ tax), beating its passive reference portfolio market benchmark by 2.02% ($700 million). It exceeded the average return on Treasury Bills, its other benchmark, by 10.71% ($3.7 billion).

This year’s result brings the Fund’s returns since its inception in 2003 to 10.4% per annum.