NZ Super Cuts Return Outlook After Building NZ$22 Billion Active Gain

17th September, 2026
NZ Super returned 14.17% in FY2026, lifting net assets 10.9% to NZ$94.35 billion (US$54.29 billion). The Fund finished just 0.10 percentage points behind its passive Reference Portfolio, a shortfall of around NZ$80 million (US$46 million). Over 20 years, it has returned 9.68% a year against 8.19% for the benchmark, adding...
NZ Super returned 14.17% in FY2026, lifting net assets 10.9% to NZ$94.35 billion (US$54.29 billion). The Fund finished just 0.10 percentage points behind its passive Reference Portfolio, a shortfall of around NZ$80 million (US$46 million). Over 20 years, it has returned 9.68% a year against 8.19% for the benchmark, adding...

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