NZ Super Fund loses money in January, but up for the financial year

Tuesday 23rd February 2010

The New Zealand Superannuation Fund recorded a 1.97% loss in January, bringing its performance in the first seven months of its financial year to 15%.

The fund’s investment income has added $2.12 billion to the $13.53 billion of taxpayer payments since 2003/2004, an equivalent annual return of 5.8%. These figures represent an estimated 13.5% better return from the fund’s managed investments compared to what would have been a passive investment in Treasury Bills.

Other than the profit or loss figures, the fund does not comment on its release of the monthly performance statistics. Last month’s loss was minor compared to its worst month, September 2008, when the fund lost 7.96% of its value.

Almost 37% of the fund’s investments are in large capitalisation international equities, and another 17% in international fixed income. Timber makes up 7.6% of the fund’s investment.

Currently the fund has over 10% of Auckland International Airport’s shares and more than 5% of trucking and distribution company Mainfreight.

Businesswire.co.nz

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