29 Feb 2012

Cooks Islands Superannuation Fund reaches milestone

10:21 am on 29 February 2012

The Cook Islands National Superannuation Fund says it has exceeded 41 million US dollars in managed funds.

According to Cook Islands news the fund has slowly grown since 2001 when it managed $56,000 for just 463 members through an investment portfolio managed by Frank Russell Investments in New Zealand.

Today, the fund includes more than 6600 registered members.

The Fund's Chief executive officer Anne Herman-Fua says it is a significant milestone as it works towards a vision of wealth creation and financial security for the Cook Islands.