NZ Superannuation Fund faces challenging market conditions

Author
Newstalk ZB,
Publish Date
Fri, 11 Sep 2020, 2:58PM
Photo / File

NZ Superannuation Fund faces challenging market conditions

Author
Newstalk ZB,
Publish Date
Fri, 11 Sep 2020, 2:58PM

The NZ Superannuation Fund is the latest to reveal the effects Covid-19 has had on returns.

Market volatility and the pandemic has led to an annual return on investments of 1.73%.

That's a big drop from it's average annual return of 9.63%, which it has achieved every since 2003.

NZ Superannuation Fund CEO Matt Whineray joined Mike Hosking to share his thoughts.

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