NZ Super Fund return positive result
The New Zealand Super Fund returned 1.61 percent in January, down from 4.42 percent in December.
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The New Zealand Super Fund returned 1.61 percent in January, down from 4.42 percent in December.
It said the main factor influencing January's return was a "modest gain" in the fund's global equity investments.
For the financial year to date, it returned 18.96 percent, while its annualised return since inception is 7.55 percent. The fund has $18.47b invested.
The fund's largest holdings include Auckland International Airport, Fletcher Building, Contact Energy and Telecom.
The Superfund was set up to pre-fund the future cost of New Zealand superannuation by investing government contributions and returns on the contributions for the long term.
NZPA
Thu, 17 Feb 2011
Thu, 17 Feb 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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NZ Super Fund return positive result
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