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17 Sep 2024 14:51
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  •   Home > News > Business

    The Superfund's reported yet another record-high investment return -- now boasting a portfolio topping 76-billion dollars

    The Superfund's reported yet another record-high investment return -- now boasting a portfolio topping 76-billion dollars


    That's up just shy of 15 percent for the year to June.

    Against a backdrop of sluggish economic growth locally and internationally -- New Zealand's Sovereign Wealth fund has grown 11.2 billion dollars.

    Superfund CEO, Jo Townsend, puts the success in part down to optimism generative AI technology will boost corporate profitability, and also declining inflation.

    The Government contribution to the fund over that period was 1.6 billion dollars

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Entertainment:
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    International:
    Vladimir Putin orders Russian military to boost troops by 180,000. Ukraine says he wants the war over by 2026 14:47

    Law and Order:
    The Police Minister says the multi-year targeting of the Comancheros Motorcycle Gang is a warning of what's to come 14:37

    Entertainment:
    Harry Styles is said to be set to headline Glastonbury 14:19

    Law and Order:
    Ryan Routh charged with gun crimes after apparent assassination attempt on Donald Trump in Florida 14:17

    Politics:
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    Environment:
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    Entertainment:
    Justin Timberlake's DWI case was "treated like any other of its kind" 13:49

    Law and Order:
    Police have revealed the body found in a burning vehicle on a Dargaville beach was 35-year-old Paihia woman Jasmaine Corin Reihana 13:47

    Law and Order:
    Defence lawyer Ron Mansfield KC claims the Crown has operated on emotion, not logic during the Philip Polkinghorne murder trial 13:27


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