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Super disappointed: CINSF member loses $10k in negative return

Friday 26 May 2023 | Written by Matthew Littlewood | Published in Economy, Editor's Pick, National

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Super disappointed: CINSF member loses $10k in negative return
Cook Islands National Superannuation Fund chief investment officer, David Brown. 21111915

Cook Islands National Superannuation Fund (CINSF) has been exposed to ‘multiple shocks’ in the market, but a member has expressed his disbelief at the size of the losses.

Cook Islands National Superannuation Fund (CINSF) has been exposed to ‘multiple shocks’ in the market, but a member has expressed his disbelief at the size of the losses.


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Comments

Te Tuhi Kelly on 26/05/2023

I think the CINSF have done extraordinarily well given the financial markets have taken a hit in the last 3 years. The only sham out there is has nothing to do with how our money is invested but how we as a global community have had to put up with the sham of the pandemic, Human Rights abuses, and Govt mandates which have driven people's businesses to the wall and hit the ordinary people in the pocket. Now look where we are. CINSF should be applauded for riding out the last 3 years.

Tony Heays on 26/05/2023

Its a total sham and always has been.