07.10.2016 - Super Fund's investments in NZ drop
The proportional value of NZ assets held in the SuperFund stands at less than 15 per cent despite a directive seven years ago to lift domestic investment. The New Zealand Superannuation Fund has reduced the portion of the fund invested in New Zealand to less than 15 per cent of its value despite a ministerial directive to eventually increase the allocation to 40 per cent. The sovereign wealth fund's annual report shows its exposure to New Zealand is 14.79 per cent when based on a proportional calculation of the value of its investments and including holdings in rural and forest land..........................................Full Article: Source
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