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Super Fund grows in February

Wednesday 17th March 2010

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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.

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