MEDIA RELEASE
TCorp releases 2024 Annual Report
Published 17 December 2024
Sydney, 17 December 2024 — TCorp, the investment and financial management partner of the New South Wales (NSW) public sector, has released its 2024 Annual Report.
Key highlights from the 2024 Annual Report include:
- A strong FY24 investment performance, with TCorp’s aggregated portfolios returning 7.0% overall, reflecting market returns of $7.5bn. Cumulative investment returns generated for the state since funds amalgamation in 2015 now stand at $49.4bn.
- As at 30 June 2024, TCorp managed $109.7bn of client assets under management, up approximately $3.5bn on the previous financial year.
- Creation of OneFund, a government-led initiative which combines several funds, collectively representing around $47bn in assets under management.
- TCorp’s dividend to the state was $130mn, taking the total dividend to $1.9bn since1983.
- The Financial Markets team completed $32bn of bond issuance to support major NSW Government programmes in FY24.
- $2.7bn of sustainable bonds issued over the year, bringing total issuance under the NSW Sustainability Bond Programme to $11.9bn.
- The broadening of support for NSW bond issuance from the overseas investor base, with as much as 30% of syndications allocated to this segment.
To read the Annual Report, go to tcorp.nsw.gov.au.
Ends
Media contact:
mediaenquiries@tcorp.nsw.gov.au
