15.06.2009 - Super Fund gives no assurances on home bias
From Nbr.co.nz: The Guardians of the New Zealand Superannuation Fund say they will follow a directive from Minister of Finance Bill English to actively seek out eligible domestic investments but say they are unable to offer any assurances on how far – if at all – the Fund’s local asset base may increase. The Fund is also likely to establish in-house expertise to assess some opportunities because of the lack of depth in the local investment management market.........Full Article: Source