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Sovereign Wealth Funds Briefing - Categorized | Performance

Super Fund makes positive return in Feb

Posted on 17 March 2010

From Nzherald.co.nz: The New Zealand Superannuation Fund produced a 1.88 per cent return in February even though the value of its holding in Telecom fell. Currently 7 per cent of the fund is invested in New Zealand equities and Telecom is its third-largest investment behind Auckland International Airport and Fletcher Building.

The fund’s investment in Telecom was worth $107.7 million as at February 28, down from $111m a month earlier. On February 26 Telecom’s share price was $2.33, and today the price was at an all-time low of $2.13, suggesting the fund will experience losses from its Telecom investment if the current price prevails until the end of this month………………………………….Full Article: Source

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