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World equities boost NZ Super Fund returns in December

Tuesday 8th February 2011

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The New Zealand Super Fund posted an improved 4.4% return in December, thanks to gains in world sharemarkets.

The fund, which is currently not receiving contributions from the Government, has grown to be worth $18.2 billion, including pre-tax returns so far for the 2010/11 financial year of $2.68 billion, or 17%.

The fund posted a loss of 0.38% in November.

The fund has posted annualised returns of 7.4% since its launch in September 2003, ranging from a 22.1% loss in 2008/09 to a 19.2% gain in 2005/06. The fund returned 15.5% last year.

The largest asset classes include global equities, making up 60.1% of the fund's value, international fixed income at 10.3% and infrastructure at 7.9%.

The fund has stakes in 10 listed New Zealand companies, with the largest in Auckland Airport - 1.6% of the fund's total value - and Fletcher Building - 0.7%.

The fund was created to help fund New Zealand's future superannuation costs.



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