NZ Superannuation Fund returned 3% in February

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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.


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NZ Market Snapshot

Forex

Sym Price Change
USD 0.6682 -0.0040 -0.59%
AUD 0.8900 0.0095 1.08%
EUR 0.6004 -0.0062 -1.02%
GBP 0.4291 -0.0017 -0.39%
HKD 5.1867 -0.0244 -0.47%
JPY 82.0970 -0.6320 -0.76%

Commods

Commodity Price Change Time
Gold Index 1163.5 -2.500 2015-07-02T00:
Oil Brent 62.6 -0.180 2015-07-02T00:
Oil Nymex 56.9 -0.010 2015-07-02T00:
Silver Index 15.6 -0.015 2015-07-02T00:

Indices

Symbol Open High Last %
NZX 50 5841.5 5872.6 5841.5 -0.01%
NASDAQ 5024.3 5027.5 5013.1 -0.08%
DAX 11082.0 11123.2 11099.4 -0.37%
DJI 17763.3 17825.5 17757.9 -0.16%
FTSE 6630.5 6630.8 6630.5 -0.67%
HKSE 26349.8 26402.8 26282.3 -0.83%
NI225 20476.7 20557.5 20522.5 0.08%