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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

New Zealand Government putting squeeze on officials for domestic investment

Posted on 13 July 2009

From Pionline.com: The New Zealand government is leaning on the NZ$13.1 billion (US$8.2 billion) New Zealand Superannuation Fund, Auckland, to increase its domestic investments, thereby aiding the local economy and capital markets.

“The anticipated benefits of this policy (to invest more domestically) would be an increase in investments in our productive sector, promoting infrastructure investment and contributing to the further development of our capital markets,” Minister of Finance Bill English said in a May 14 letter to fund officials………Full Article (Subscription Required) : Source


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