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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Super Fund buys $3bln of shares

Posted on 24 August 2010

From Rdionz.co.nz: The New Zealand Superannuation Fund’s purchase of more than $3 billion of shares in July has been labelled risky by some investment managers. The fund, which will partly pay for national superannuation from 2030, sold large numbers of safer Government bonds to make the investment.

The managing director of fund manager Brook Asset Management, Mark Brighouse, says it is a big move given world share markets…………………………………….Full Article: Source


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