World’s Top-Performing Sovereign Wealth Fund Warns US Stocks Could Face a ‘Reversion’ — ‘We Would Expect There to Be Some...’
The New Zealand Superannuation Fund, recognized as the world’s best-performing sovereign wealth fund based on long-term annualized returns, warned about a potential pullback in the U.S. equity market The fund, which supports the pensions of retirees in New Zealand, surged 14.17% to NZ$94.4 billion (about $54.2 billion)