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.


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NZ Market Snapshot

Forex

Sym Price Change
USD 0.6634 0.0017 0.26%
AUD 0.9397 0.0049 0.52%
EUR 0.5879 -0.0029 -0.49%
GBP 0.4589 0.0004 0.09%
HKD 5.1733 0.0183 0.35%
JPY 76.2530 -0.2170 -0.28%

Commods

Commodity Price Change Time
Gold Index 1188.8 15.820 2016-02-08T00:
Oil Brent 33.6 -0.540 2016-02-08T00:
Oil Nymex 31.6 -1.110 2016-02-08T00:
Silver Index 15.4 0.650 2016-02-08T00:

Indices

Symbol Open High Last %
NZX 50 6153.8 6153.8 6153.8 -1.34%
NASDAQ 4224.9 4329.6 4283.8 0.04%
DAX 8980.7 9041.9 8979.4 -1.11%
DJI 16005.4 16136.6 16027.0 0.11%
FTSE 5689.4 5739.2 5689.4 -1.00%
HKSE 19287.4 19397.9 19183.1 0.55%
NI225 16666.8 16668.7 17004.3 -5.40%