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Live Updates  >  Live Update Details

2026-09-16 22:10:08

[World's Best-Performing Sovereign Wealth Fund Warns of Impending US Stock Market Correction] Jo Townsend, CEO of the Guardians of New Zealand Superannuation (GZS), warned of potential downside risks to the market while announcing a 14.2% increase in the fund's performance for the financial year ending June 30. The GZS manages New Zealand's $54 billion sovereign wealth fund. The New Zealand Superannuation Fund is valued at NZ$94.4 billion (approximately $54.4 billion) at the end of the 2026 financial year and was earlier this year ranked as the world's best-performing sovereign wealth fund by analytics firm Global SWF.

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