AFR: New Zealand sovereign fund's no-fear approach pays off
POSTED ON: 30 September 2018
The guardians of New Zealand's sovereign wealth fund have much to be satisfied about.
On Friday the $NZ40 billion fund ($37 billion) reported an impressive 12.4 per cent return over the financial year while its 10-year annualised returns, which include the horror drawdown of the 2008 financial crisis, are tracking well above 10 per cent.
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