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Volatility hits NZ Super Fund
Wednesday 21st of September 2016
It returned 1.89% after costs and before tax, compared to 14.64% for the same period a year earlier.
The fund out-performed its passive Reference Portfolio benchmark by 0.52% ($155 million) during the year, due mainly to strong performance by active investments in timber and infrastructure.
Its single largest investment, a 42% stake in New Zealand forestry business Kaingaroa Timbe...
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