World's top-performing sovereign wealth fund warns of looming pullback in U.S. stock market
- Auckland, New ZealandChiara Salvadori | Moment | Getty ImagesInvestors behind the world's top-performing sovereign wealth fund warned Wednesday that the U.
- equity market could be due a correction.
- Jo Townsend, CEO of the Guardians of New Zealand Superannuation — which manages the country's $54 billion wealth fund — warned of a potential downturn as she revealed the fund had grown 14.2% in the year to June 30.
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- Auckland, New ZealandChiara Salvadori | Moment | Getty ImagesInvestors behind the world's top-performing sovereign wealth fund warned Wednesday that the U.
- equity market could be due a correction.
- Jo Townsend, CEO of the Guardians of New Zealand Superannuation — which manages the country's $54 billion wealth fund — warned of a potential downturn as she revealed the fund had grown 14.2% in the year to June 30.
Sources: Cnbc