Sharechat Logo

Super Fund grows in February

Wednesday 17th March 2010

Text too small?

The New Zealand Superannuation Fund grew by 1.88% last month to add a theoretical $296 million to the size of its total pool of investments.

In January the fund lost 1.97% of its paper value.

For the year to date since July 2009, the fund’s investment growth has been $2,337 million, a return of 17.24% the fund reported in its monthly update. By comparison, the fund had an unrealised loss in the 2008/09 year of 22.14% as stockmarkets and NZ Super’s investment in them, plunged dramatically.

Since its inception in 2003, the value of its unrealised investments has been $2.434 billion, a return equivalent of 6.04%.

The fund’s largest investments are in international large cap equities, with 36.7% or $5,865 million of its total. The next largest investment is international fixed income with $2,657 million, representing 16.7% of its total.

NZSF has over 10% of Auckland International Airport’s shares, and almost five and a quarter percent of transport and logistics firm Mainfreight.

Businesswire.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

CHATHAM ADVISES EXTENDED CLOSING DATE OF 9 AUGUST FOR SPP
Acceleration of expressway will be transformative for Northland economy says EMA
The Warehouse Group - Proposed Scheme of Arrangement
The Warehouse Group - Proposed Scheme of Arrangement
Winton announces timing of its Annual Results
Fletcher Building Announces Director Appointment
Meridian issues new demand response exercise notice to NZAS
CRP - Chatham Closes Private Placement of Shares
General Finance - Olympic Term Deposit Promotion featuring a Special Bonus of 0.1%
July 22nd Morning Report