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 0.7318 0.0017 0.23%
AUD 0.9585 0.0010 0.10%
EUR 0.6480 0.0012 0.19%
GBP 0.5543 0.0008 0.14%
HKD 5.6762 0.0151 0.27%
JPY 73.5100 0.0890 0.12%

Commods

Commodity Price Change Time
Gold Index 1321.2 -4.640 2016-08-25T00:
Oil Brent 49.9 0.030 2016-08-25T00:
Oil Nymex 47.3 0.560 2016-08-25T00:
Silver Index 18.5 -0.070 2016-08-25T00:

Indices

Symbol Open High Last %
NZX 50 7427.8 7430.4 7427.3 -0.48%
NASDAQ 5207.6 5230.6 5217.7 -0.11%
DAX 10512.2 10555.8 10529.6 -0.19%
DJI 18471.2 18497.7 18481.5 -0.18%
FTSE 6816.9 6822.3 6816.9 0.04%
HKSE 22827.2 22997.4 22815.0 0.41%
NI225 16485.5 16490.5 16556.0 -1.18%
ASX 5541.9 5544.4 5541.9 -0.48%