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Story summary
- Guardians of New Zealand Superannuation reported a 14.2% return for the year to June 30 2026.
- Assets grew to NZ$94.4 billion, adding NZ$9.3 billion during the year.
- After costs the fund earned a 14.17% return, 0.1 percentage point below its benchmark.
- Guardians lowered its long-term expected return to 7.2% from 7.8%.
- CEO Jo Townsend warned that recent US equity gains may reverse.