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المشهد العربي
New Zealand Pension Fund anticipates slower global stock gains
The New Zealand Superannuation Fund announced its expectation of a slowdown in the rising wave of global stock markets after its assets increased by 14.2% to reach NZD 94.4 billion ($54.2 billion) by the end of the fiscal year. The fund noted that US stocks performed exceptionally well, with the S&P 500 index up by more than 20% due to the accelerated investor interest in artificial intelligence. This led to a downward revision of its 20-year annual return forecast to 7.2% from 7.8%. The fund regarded this decline as a cautious move in anticipation of a market stabilization following strong gains, especially after being recognized as the best-performing sovereign fund last year.
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