NZ Superannuation Fund returned 3% in February

The New Zealand Superannuation Fund posted a 3 percent return last month, benefiting from a rally in global equity markets. Returns for February totalled $550 million before tax of $30m.

The New Zealand Superannuation Fund posted a 3 percent return last month, benefiting from a rally in global equity markets.

Returns for February totalled $550 million before tax of $30m.

The fund, in which the Government has suspended automatic contributions to avoid further increasing debt, has returned 22.5 percent for the financial year since July.

That compares with a return of 15.5 percent last financial year. Returns were after fees, but before tax.

Created in 2003 to part-fund New Zealand's future superannuation costs, the fund has grown to just under $19 billion.

Global equities dominated the fund's holdings, at 62.6 percent, followed by international fixed income (11.2 percent) and infrastructure investments (8 percent).

The fund's largest investment in New Zealand equities was a $291m stake in Auckland International Airport, representing 1.5 percent of fund value.

This article is tagged with the following keywords. Find out more about My Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7441 0.0006 0.08%
AUD 0.9373 -0.0012 -0.13%
EUR 0.6569 -0.0044 -0.67%
GBP 0.4902 -0.0028 -0.57%
HKD 5.7694 0.0053 0.09%
JPY 87.3140 -0.8470 -0.96%

Commods

Commodity Price Change Time
Gold Index 1279.4 -13.200 2015-01-26T00:
Oil Brent 49.4 -0.560 2015-01-26T00:
Oil Nymex 45.1 -0.410 2015-01-26T00:
Silver Index 18.0 -0.320 2015-01-26T00:

Indices

Symbol Open High Last %
NZX 50 5698.7 5737.7 5698.7 0.69%
NASDAQ 4752.4 4774.2 4757.9 0.29%
DAX 10785.9 10810.6 10798.3 -1.33%
DJI 17668.1 17696.4 17672.6 0.03%
FTSE 6852.4 6865.0 6852.4 -0.78%
HKSE 24995.1 24995.1 24909.9 -0.41%
NI225 17649.4 17768.4 17468.5 1.72%