Jo Townsend: New Zealand Super Fund CEO on the fund generating returns of nearly 12% in the past year
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
The New Zealand Super Fund has bucked economic trends.
It's generated returns of nearly 12% over the past year, growing to $85 billion, and it’s suggested it will reach $100 billion by 2028.
CEO Jo Townsend told Mike Hosking that despite the ever-increasing amount of uncertainty in the world, markets have been incredibly strong over the last five years.
She says it goes to show it’s almost impossible to pick what the market is going to do over the short term – be it one year or five.
Their job, Townsend says, is to build a portfolio that’s resilient enough to cope when markets are doing well, and when they’re not.
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