Brad Olsen: Infometrics Principal Economist on the NZ Superannuation Fund posting a return of 14.17%
Our Superannuation fund is seeing great returns, but growth is still needed for the long term.
The 25-year-old fund is now worth $94.35 billion dollars, excluding tax, with it earning $9.3 billion in the past reporting year – a return of almost 14.2%.
Infometrics' Brad Olsen told Andrew Dickens that it's useful money to have, but the expectation for the fund is to grow it to $200 billion by 2040.
He says there's a lot of growth still to come, but it's at a time when the bill is still growing and we have to pay for it in the short term.
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